Journey Beyond Wealth LLC has reduced its investment in the Vanguard Growth ETF (NYSEARCA:VUG) by 10.1% during the third quarter of 2023. According to the company’s recent 13F filing with the Securities and Exchange Commission (SEC), the institutional investor now holds 14,818 shares after selling 1,673 shares in this period. This adjustment means that Vanguard Growth ETF constitutes approximately 5.8% of Journey Beyond Wealth LLC’s total portfolio, making it the firm’s fifth largest investment.
As of the end of the reporting period, Journey Beyond Wealth LLC’s holdings in Vanguard Growth ETF were valued at around $7,107,000. This move reflects a broader trend among various institutional investors who have also made adjustments to their stakes in the ETF.
In the second quarter, Rosenberg Matthew Hamilton increased its position in Vanguard Growth ETF by 21.8%, acquiring an additional 22 shares. This brought its total holdings to 123 shares, valued at $54,000. Meanwhile, Acas LLC raised its stake by 0.5%, now owning 4,414 shares worth $2,043,000 after purchasing 22 additional shares.
Similarly, Vision Capital Management Inc. expanded its holdings by 1.1%, now holding 1,958 shares valued at $939,000. Wells Trecaso Financial Group LLC also grew its stake by 2.7%, resulting in ownership of 886 shares valued at $388,000 following the acquisition of 23 shares. Proathlete Wealth Management LLC increased its position in the ETF by 6.4% during the third quarter, now owning 385 shares valued at $185,000.
Market performance for Vanguard Growth ETF has shown some fluctuations. As of Friday, shares opened at $485.09. The 50-day simple moving average stands at $487.58, while the 200-day simple moving average is at $473.98. Over the past year, the ETF has reached a low of $316.14 and a high of $505.38. The ETF currently boasts a market capitalization of $202.35 billion, a price-to-earnings (P/E) ratio of 36.22, and a beta of 1.17.
Vanguard Growth ETF, previously known as Vanguard Growth Index Fund, employs a passive management strategy aimed at tracking the performance of the MSCI US Prime Market Growth Index. This index encompasses a diverse range of growth stocks from large U.S. companies, representing the growth sector of the MSCI US Prime Market 750 Index, which includes large-capitalization companies within the United States equity market.
For those interested in tracking other hedge funds’ positions in Vanguard Growth ETF, resources such as HoldingsChannel.com provide insights into the latest 13F filings and insider trades. Additionally, MarketBeat.com offers a free daily email newsletter summarizing the latest news and analysts’ ratings for Vanguard Growth ETF and related companies.
