Truist Financial Corp Buys 24,618 Shares of Vanguard Growth ETF $VUG

Truist Financial Corp raised its stake in Vanguard Growth ETF (NYSEARCA:VUG) by 2.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,055,272 shares of the company’s stock after buying an additional 24,618 shares during the period. Vanguard Growth ETF comprises 0.7% of Truist Financial Corp’s holdings, making the stock its 25th largest position. Truist Financial Corp’s holdings in Vanguard Growth ETF were worth $506,119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VUG. Laurel Wealth Advisors LLC raised its position in shares of Vanguard Growth ETF by 45,810.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 9,185,671 shares of the company’s stock valued at $4,026,998,000 after acquiring an additional 9,165,663 shares during the period. Vantagepoint Investment Advisers LLC grew its holdings in Vanguard Growth ETF by 12,542.9% during the third quarter. Vantagepoint Investment Advisers LLC now owns 1,074,650 shares of the company’s stock valued at $515,413,000 after purchasing an additional 1,066,150 shares during the period. Bank of America Corp DE increased its stake in Vanguard Growth ETF by 1.8% in the second quarter. Bank of America Corp DE now owns 49,386,990 shares of the company’s stock valued at $21,651,256,000 after purchasing an additional 851,110 shares in the last quarter. Corient Private Wealth LLC increased its stake in Vanguard Growth ETF by 97.7% in the second quarter. Corient Private Wealth LLC now owns 1,228,937 shares of the company’s stock valued at $538,790,000 after purchasing an additional 607,436 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Vanguard Growth ETF by 142.2% in the second quarter. Alliancebernstein L.P. now owns 722,843 shares of the company’s stock worth $316,894,000 after purchasing an additional 424,342 shares during the period.

Vanguard Growth ETF Stock Up 0.6%

Shares of VUG stock opened at $489.90 on Wednesday. Vanguard Growth ETF has a 12-month low of $316.14 and a 12-month high of $505.38. The firm has a market capitalization of $204.35 billion, a price-to-earnings ratio of 36.22 and a beta of 1.17. The firm has a fifty day moving average of $487.04 and a 200-day moving average of $476.55.

Vanguard Growth ETF 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.