Truefg LLC Scales Down Position in Vanguard Growth ETF

Investment firm Truefg LLC has recently downsized its ownership in the Vanguard Growth ETF (NYSEARCA:VUG), as revealed in its latest regulatory filing with the Securities & Exchange Commission. During the second quarter of the financial year, Truefg LLC divested 78 shares of Vanguard Growth ETF, marking a 1.3% reduction in its investment. Post this transaction, the investment firm held 5,724 shares of the ETF.

Investment Details

In terms of value, Truefg LLC's remaining stake in the Vanguard Growth ETF was estimated at $1,620,000 at the time of their last filing with the SEC. It is noteworthy that Vanguard Growth ETF represents 0.7% of Truefg LLC's portfolio, placing it as the 14th biggest holding within the firm.

Other Investors' Movements

Truefg LLC isn't the only major investor adjusting its involvement with VUG. Moneta Group Investment Advisors LLC saw a significant increase in their holdings by a striking 118,736.9% in the fourth quarter, now controlling 424,890,653 shares. Similarly, Bank of America Corp DE increased its stake by 5.9% in the first quarter. Morgan Stanley also upped its share by 4.3% in the fourth quarter, and Envestnet Asset Management Inc. augmented its investment by 3.2% in the first quarter.

ETF Performance Insights

Vanguard Growth ETF demonstrated an upward movement in its share price, with an increase of $0.84, resulting in a midday trading price of $299.30 on the recorded date. The ETF has seen a fairly active trade volume with 305,398 shares being traded, relative to its average volume of 933,756. The ETF's market cap stood at $98.01 billion with a P/E ratio of 28.60 and a beta of 1.11. The one-year low and high figures for VUG were $207.94 and $300.68, respectively.

About Vanguard Growth ETF

Vanguard Growth ETF, which is a passive index fund, aims to track the performance of the MSCI US Prime Market Growth Index. This index includes a diversified selection of large U.S. company stocks that exhibit growth characteristics.

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