Truist Financial Corp Grows Stake in Vanguard Growth ETF (NYSEARCA:VUG)

Truist Financial Corp lifted its stake in Vanguard Growth ETF (NYSEARCA:VUG) by 5.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,133,173 shares of the company’s stock after buying an additional 57,277 shares during the quarter. Truist Financial Corp’s holdings in Vanguard Growth ETF were worth $352,281,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Financiere des Professionnels Fonds d investissement inc. bought a new position in Vanguard Growth ETF in the 3rd quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Vanguard Growth ETF in the 4th quarter worth $27,000. ARK Investment Management LLC raised its stake in shares of Vanguard Growth ETF by 73.2% in the fourth quarter. ARK Investment Management LLC now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 41 shares during the last quarter. Arvest Investments Inc. bought a new position in shares of Vanguard Growth ETF during the fourth quarter valued at $30,000. Finally, Orion Capital Management LLC purchased a new stake in shares of Vanguard Growth ETF during the third quarter valued at $35,000.

Vanguard Growth ETF Trading Up 1.8 %

NYSEARCA:VUG traded up $5.99 during mid-day trading on Friday, reaching $335.18. The company’s stock had a trading volume of 1,436,470 shares, compared to its average volume of 1,058,254. The stock has a market cap of $115.47 billion, a P/E ratio of 40.31 and a beta of 1.24. The firm’s fifty day moving average price is $338.87 and its two-hundred day moving average price is $315.02. Vanguard Growth ETF has a 12-month low of $246.26 and a 12-month high of $348.88.

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.