Advisory Services Network LLC Sells 7,158 Shares of Vanguard Growth ETF (NYSEARCA:VUG)

Advisory Services Network LLC cut its stake in Vanguard Growth ETF (NYSEARCA:VUG) by 6.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 111,014 shares of the company’s stock after selling 7,158 shares during the quarter. Vanguard Growth ETF comprises 0.8% of Advisory Services Network LLC’s holdings, making the stock its 11th largest holding. Advisory Services Network LLC’s holdings in Vanguard Growth ETF were worth $45,565,000 at the end of the most recent reporting period.

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

Vanguard Growth ETF Price Performance

Shares of VUG stock opened at $334.42 on Tuesday. The stock’s 50-day moving average is $396.78 and its 200 day moving average is $401.58. Vanguard Growth ETF has a 1-year low of $316.14 and a 1-year high of $429.11. The company has a market cap of $331.43 billion, a P/E ratio of 33.17 and a beta of 1.19.

Vanguard Growth ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.50 dividend. This is a boost from Vanguard Growth ETF’s previous dividend of $0.46. The ex-dividend date of this dividend was Thursday, March 27th.

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.