Absolute Capital Management LLC Grows Stock Holdings in Vanguard Growth ETF $VUG

Absolute Capital Management LLC raised its stake in Vanguard Growth ETF (NYSEARCA:VUG) by 24.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,679 shares of the company’s stock after buying an additional 1,125 shares during the period. Vanguard Growth ETF makes up approximately 1.2% of Absolute Capital Management LLC’s holdings, making the stock its 24th largest holding. Absolute Capital Management LLC’s holdings in Vanguard Growth ETF were worth $2,727,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of America Corp DE raised its holdings in Vanguard Growth ETF by 1.8% during the second quarter. Bank of America Corp DE now owns 49,386,990 shares of the company’s stock worth $21,651,256,000 after purchasing an additional 851,110 shares during the last quarter. Laurel Wealth Advisors LLC increased its position in shares of Vanguard Growth ETF by 45,810.0% in the second quarter. Laurel Wealth Advisors LLC now owns 9,185,671 shares of the company’s stock valued at $4,026,998,000 after buying an additional 9,165,663 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Vanguard Growth ETF by 1.0% in the second quarter. Envestnet Asset Management Inc. now owns 8,127,139 shares of the company’s stock valued at $3,562,911,000 after buying an additional 79,107 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Vanguard Growth ETF by 0.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,886,118 shares of the company’s stock worth $1,705,829,000 after buying an additional 16,250 shares during the last quarter. Finally, EP Wealth Advisors LLC boosted its position in shares of Vanguard Growth ETF by 3.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 3,463,113 shares of the company’s stock worth $1,518,229,000 after buying an additional 126,649 shares in the last quarter.

Vanguard Growth ETF Trading Down 0.1%

NYSEARCA:VUG opened at $489.63 on Thursday. The company has a market capitalization of $204.24 billion, a P/E ratio of 36.22 and a beta of 1.17. The firm has a 50-day moving average price of $487.30 and a two-hundred day moving average price of $476.64. Vanguard Growth ETF has a twelve month low of $316.14 and a twelve month high of $505.38.

About Vanguard Growth ETF

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.