SKY Mountain Capital Management Inc. has reduced its stake in the Vanguard Growth ETF (NYSEARCA: VUG) by a significant 30.6% during the second quarter of 2023. According to the firm’s latest 13F filing with the Securities and Exchange Commission (SEC), it now holds 5,760 shares of the ETF after divesting 2,542 shares during this period. The Vanguard Growth ETF now represents 1.8% of SKY Mountain’s overall portfolio, making it the firm’s tenth largest holding, valued at approximately $2,625,000.
Other institutional investors have also made adjustments to their positions in the Vanguard Growth ETF recently. Notably, Allianz SE established a new stake worth $29,000 in the first quarter, while Costello Asset Management INC acquired shares valued at approximately $31,000 during the same period. In the second quarter, both Legend Financial Advisors Inc. and Biltmore Family Office LLC each added stakes worth about $31,000. Mowery & Schoenfeld Wealth Management LLC also entered a new position valued at around $32,000.
Vanguard Growth ETF Performance Metrics
As of Thursday, shares of the Vanguard Growth ETF opened at $476.59. The ETF has a 50-day moving average of $483.63 and a 200-day moving average of $452.76. Currently, it boasts a market capitalization of $193.46 billion, a price-to-earnings (P/E) ratio of 36.22, and a beta of 1.17, indicating its relative volatility compared to the broader market. Over the past year, the ETF has experienced a low of $316.14 and a high of $505.38.
About Vanguard Growth ETF
The Vanguard Growth ETF, previously known as the Vanguard Growth Index Fund, utilizes a passive management strategy aimed at tracking the performance of the MSCI US Prime Market Growth Index. This index consists of a diverse range of growth stocks from large companies based in the United States.
For those interested in tracking institutional holdings in the Vanguard Growth ETF, HoldingsChannel.com provides up-to-date information on 13F filings and insider trading activity. Additionally, MarketBeat.com offers a free daily newsletter summarizing the latest news and analyst ratings related to the Vanguard Growth ETF and similar investment vehicles.
