Riggs Asset Management Reduces Stake in Vanguard Growth ETF by 30%

Riggs Asset Management Co. Inc. has significantly reduced its stake in the Vanguard Growth ETF (NYSEARCA: VUG) by 30.2% during the third quarter of the year. According to a report from HoldingsChannel, the firm now holds 5,494 shares after selling 2,374 shares during this period. As of the latest filing with the Securities and Exchange Commission, Riggs’ holdings in the Vanguard Growth ETF are valued at approximately $2,635,000.

Several other hedge funds have also made adjustments to their positions in Vanguard Growth ETF recently. For example, Kilter Group LLC acquired a new position during the second quarter, valued at around $33,000. Anfield Capital Management LLC notably increased its stake by 266.7% during the same quarter, now owning 77 shares worth approximately $34,000 after purchasing an additional 56 shares.

In the third quarter, Friedenthal Financial and Ramirez Asset Management Inc. both entered new stakes in Vanguard Growth ETF, each valued at $38,000. Similarly, Family Legacy Financial Solutions LLC also acquired a new stake during this period, estimated at $46,000.

Current Stock Performance of Vanguard Growth ETF

As of Friday, the Vanguard Growth ETF opened at $458.08. Over the past year, the stock has experienced considerable fluctuations, with a fifty-two week low of $316.14 and a fifty-two week high of $505.38. The ETF currently maintains a fifty-day moving average of $475.68 and a two-hundred day moving average of $478.98. The market capitalization of Vanguard Growth ETF stands at approximately $191.08 billion, with a price-to-earnings ratio of 36.22 and a beta of 1.17.

About Vanguard Growth ETF

The Vanguard Growth ETF is an exchange-traded share class of the Vanguard Growth Index Fund, which employs a passive management approach aimed at tracking the performance of the MSCI US Prime Market Growth Index. This index comprises a diversified selection of growth stocks from large U.S. companies, representing the growth segment of the broader MSCI US Prime Market 750 Index. This larger index includes a universe of large-capitalization companies within the U.S. equity market.

Investors interested in following the activities of other hedge funds holding Vanguard Growth ETF can visit HoldingsChannel.com for the latest 13F filings and insider trades. For daily updates on news and analysts’ ratings for Vanguard Growth ETF and related companies, MarketBeat.com offers a free daily email newsletter.