Mascagni Wealth Management Inc. Cuts Stock Position in Vanguard Growth ETF $VUG

Mascagni Wealth Management Inc. lowered its position in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 15.2% in the second quarter, Holdings Channel reports. The institutional investor owned 2,296 shares of the company’s stock after selling 410 shares during the period. Mascagni Wealth Management Inc.’s holdings in Vanguard Growth ETF were worth $1,007,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Allianz SE acquired a new stake in shares of Vanguard Growth ETF in the first quarter valued at about $29,000. Hager Investment Management Services LLC acquired a new position in shares of Vanguard Growth ETF during the 1st quarter worth $31,000. Costello Asset Management INC purchased a new stake in shares of Vanguard Growth ETF in the 1st quarter worth about $31,000. Legend Financial Advisors Inc. purchased a new stake in shares of Vanguard Growth ETF in the 2nd quarter worth about $31,000. Finally, Biltmore Family Office LLC acquired a new stake in Vanguard Growth ETF in the 2nd quarter valued at about $31,000.

Vanguard Growth ETF Trading Up 0.1%

NYSEARCA:VUG opened at $494.02 on Thursday. Vanguard Growth ETF has a twelve month low of $316.14 and a twelve month high of $505.38. The company has a market capitalization of $200.53 billion, a P/E ratio of 36.22 and a beta of 1.17. The firm has a 50-day moving average price of $479.08 and a two-hundred day moving average price of $444.77.

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.