Truist Financial Corp's Investment in Vanguard S&P 500 Growth ETF

As of the end of the fourth quarter, Truist Financial Corp reported a 0.2% increase in its investment in the Vanguard S&P 500 Growth ETF, designated as NYSEARCA:VOOG. According to Holdings Channel, the firm now holds 35,391 shares in this exchange-traded fund (ETF) after acquiring an additional 60 shares during this period. This investment is valued at approximately $12.96 million following Truist's recent submission to the SEC.

Other institutional investors and hedge funds have also adjusted their positions in this ETF recently. For example, GAMMA Investing LLC saw a significant increase of 293.8% in its position during the fourth quarter, bringing its total holdings to 512 shares worth around $187,000 after purchasing an additional 382 shares. Similarly, Encompass Wealth Advisors LLC expanded its stake by 12.1%, acquiring 9,693 shares valued at about $3.55 million after adding 1,047 shares in the same quarter.

During the previous third quarter, Sequoia Financial Advisors LLC took a new position in Vanguard S&P 500 Growth ETF worth approximately $1.19 million, while Foundations Investment Advisors LLC increased its holdings by 4.3% in the same period, now owning 1,598 shares valued at $552,000 after adding another 66 shares. Additionally, Stephens Inc. AR raised its stake by 15%, owning 1,167 shares worth $427,000 after the acquisition of 152 shares.

Market Performance of Vanguard S&P 500 Growth ETF

As of the latest market opening, the Vanguard S&P 500 Growth ETF traded at $382.15. The ETF holds a market capitalization of approximately $12.93 billion, maintaining a price-to-earnings ratio of 28.04 and a beta of 1.13. The ETF's 50-day moving average stands at $375.37, while the 200-day moving average is $356.06. Over the past year, it has experienced a low of $285.24 and a high of $386.44.

Overview of Vanguard S&P 500 Growth ETF

Vanguard S&P 500 Growth ETF (VOOG) is an exchange-traded fund designed to mirror the S&P 500 Growth index, tracking U.S. large-cap growth stocks. Launched on September 7, 2010, this fund is managed by Vanguard, a prominent investment management company.

investment, ETF, finance