Laurel Oak Wealth Management LLC Lowers Stake in Vanguard Growth ETF $VUG

Laurel Oak Wealth Management LLC cut its stake in Vanguard Growth ETF (NYSEARCA:VUG) by 14.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,395 shares of the company’s stock after selling 6,668 shares during the period. Vanguard Growth ETF makes up about 2.8% of Laurel Oak Wealth Management LLC’s portfolio, making the stock its 4th biggest holding. Laurel Oak Wealth Management LLC’s holdings in Vanguard Growth ETF were worth $16,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the stock. Pinnacle Wealth Management Advisory Group LLC raised its stake in Vanguard Growth ETF by 6.4% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,880 shares of the company’s stock valued at $1,695,000 after purchasing an additional 233 shares in the last quarter. Welch Group LLC grew its stake in Vanguard Growth ETF by 88.9% during the first quarter. Welch Group LLC now owns 2,157 shares of the company’s stock worth $942,000 after buying an additional 1,015 shares in the last quarter. Wesbanco Bank Inc. grew its stake in Vanguard Growth ETF by 95.2% during the first quarter. Wesbanco Bank Inc. now owns 18,356 shares of the company’s stock worth $8,018,000 after buying an additional 8,950 shares in the last quarter. Parker Financial LLC increased its holdings in Vanguard Growth ETF by 2.2% in the 1st quarter. Parker Financial LLC now owns 65,839 shares of the company’s stock valued at $28,697,000 after buying an additional 1,386 shares during the period. Finally, Main Line Retirement Advisors LLC increased its holdings in Vanguard Growth ETF by 2.1% in the 1st quarter. Main Line Retirement Advisors LLC now owns 18,663 shares of the company’s stock valued at $8,152,000 after buying an additional 381 shares during the period.

Vanguard Growth ETF Trading Down 0.3%

Shares of NYSEARCA:VUG opened at $82.76 on Friday. The firm has a 50 day moving average of $85.79 and a 200-day moving average of $80.97. The stock has a market capitalization of $35.16 billion, a PE ratio of 36.22 and a beta of 1.22. Vanguard Growth ETF has a 12 month low of $69.63 and a 12 month high of $90.60.

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.