Summit Financial LLC Cuts Stock Position in Vanguard Growth ETF (NYSEARCA:VUG)

Summit Financial LLC cut its holdings in Vanguard Growth ETF (NYSEARCA:VUG) by 2.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 218,767 shares of the company’s stock after selling 5,149 shares during the quarter. Vanguard Growth ETF comprises 3.1% of Summit Financial LLC’s holdings, making the stock its 3rd biggest position. Summit Financial LLC’s holdings in Vanguard Growth ETF were worth $89,791,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Decker Retirement Planning Inc. bought a new stake in Vanguard Growth ETF in the 4th quarter valued at $28,000. Human Investing LLC acquired a new position in shares of Vanguard Growth ETF during the fourth quarter worth about $28,000. Prudent Man Investment Management Inc. bought a new position in shares of Vanguard Growth ETF during the fourth quarter worth about $30,000. Cardinal Strategic Wealth Guidance acquired a new stake in Vanguard Growth ETF in the 4th quarter valued at approximately $33,000. Finally, Providence First Trust Co bought a new stake in Vanguard Growth ETF in the 4th quarter valued at approximately $33,000.

Vanguard Growth ETF Stock Down 2.7 %

NYSEARCA VUG opened at $370.43 on Monday. The firm’s 50 day moving average is $404.29 and its 200-day moving average is $402.33. The company has a market capitalization of $367.11 billion, a PE ratio of 35.10 and a beta of 1.14. Vanguard Growth ETF has a 12-month low of $321.29 and a 12-month high of $429.11.

Vanguard Growth ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, March 27th. This is a boost from Vanguard Growth ETF’s previous dividend of $0.46.

Vanguard Growth ETF Profile

Vanguard Growth Index Fund, formerly Vanguard Growth ETF, is an exchange-traded share class of Vanguard Growth Index Fund, which employs a passive management or indexing investment approach designed to track the performance of the MSCI US Prime Market Growth Index (the Index). The Index is a diversified index of growth stocks of large United States companies.