Riggs Asset Management Co. Inc. has reduced its stake in the Vanguard Growth ETF (NYSEARCA: VUG) by 30.2% during the third quarter of 2023. According to a filing with the Securities and Exchange Commission, the firm now holds 5,494 shares after selling 2,374 shares in the period. The value of Riggs Asset Management’s holdings in the ETF is approximately $2.635 million.
Other hedge funds have also made changes to their positions in Vanguard Growth ETF. Kilter Group LLC initiated a new position during the second quarter, estimated at around $33,000. Anfield Capital Management LLC significantly increased its stake by 266.7%, acquiring an additional 56 shares to a total of 77 shares, valued at $34,000. Friedenthal Financial, Ramirez Asset Management Inc., and Family Legacy Financial Solutions LLC each acquired new stakes during the third quarter, valued at $38,000 and $46,000 respectively.
Vanguard Growth ETF Stock Overview
As of the latest trading session, Vanguard Growth ETF opened at $458.08. The stock has experienced a fifty-two week low of $316.14 and a fifty-two week high of $505.38. Its performance is tracked by a fifty-day moving average of $475.68 and a two-hundred day moving average of $478.98. Vanguard Growth ETF boasts a market capitalization of $191.08 billion and a price-to-earnings ratio of 36.22, with a beta of 1.17, indicating moderate volatility compared to the market.
The Vanguard Growth ETF is structured to follow a passive management approach, designed to replicate the performance of the MSCI US Prime Market Growth Index. This index encompasses a diverse range of growth stocks from large companies based in the United States, representing a significant portion of the large-capitalization market.
Investors interested in monitoring further changes or positions held by other hedge funds can visit HoldingsChannel.com for the latest 13F filings and insider trading activities related to the Vanguard Growth ETF.
