Financial Connections Group Inc. Has $15.31 Million Position in Vanguard Growth ETF $VUG

Financial Connections Group Inc. lowered its stake in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 7.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,920 shares of the company’s stock after selling 2,489 shares during the period. Vanguard Growth ETF accounts for 6.0% of Financial Connections Group Inc.’s holdings, making the stock its 3rd biggest position. Financial Connections Group Inc.’s holdings in Vanguard Growth ETF were worth $15,309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Fund Evaluation Group LLC acquired a new stake in Vanguard Growth ETF in the 2nd quarter valued at about $5,594,000. Geneos Wealth Management Inc. raised its stake in Vanguard Growth ETF by 26.4% in the second quarter. Geneos Wealth Management Inc. now owns 50,831 shares of the company’s stock valued at $22,284,000 after buying an additional 10,602 shares during the period. B.O.S.S. Retirement Advisors LLC bought a new stake in Vanguard Growth ETF in the second quarter valued at approximately $1,092,000. Hershey Financial Advisers LLC bought a new position in shares of Vanguard Growth ETF during the 2nd quarter worth approximately $517,000. Finally, Dominguez Wealth Management Solutions Inc. boosted its stake in shares of Vanguard Growth ETF by 3.7% during the 3rd quarter. Dominguez Wealth Management Solutions Inc. now owns 52,319 shares of the company’s stock worth $25,093,000 after acquiring an additional 1,869 shares during the period.

Vanguard Growth ETF Trading Up 1.4%

VUG opened at $488.59 on Friday. The stock’s fifty day simple moving average is $486.94 and its 200 day simple moving average is $465.11. Vanguard Growth ETF has a 1-year low of $316.14 and a 1-year high of $505.38. The stock has a market cap of $198.33 billion, a PE ratio of 36.22 and a beta of 1.17.

Vanguard Growth ETF Company 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. The Index represents the growth companies of the MSCI US Prime Market 750 Index. The MSCI US Prime Market 750 Index represents the universe of large-capitalization companies in the United States equity market.