Relyea Zuckerberg Hanson LLC has reduced its holdings in the Vanguard Growth ETF (NYSEARCA:VUG) by 0.6% during the third quarter of 2023, according to its latest Form 13F filing with the Securities and Exchange Commission (SEC). After selling 1,596 shares, the firm now owns 244,092 shares, which accounts for approximately 12.3% of its total portfolio, making it the firm’s largest position.
As of the most recent filing, Relyea Zuckerberg Hanson LLC’s stake in the Vanguard Growth ETF is valued at about $117,069,000, representing around 0.06% of the ETF. This adjustment in holdings reflects a broader trend among institutional investors and hedge funds, as several firms have also modified their positions in the Vanguard Growth ETF during the second quarter of 2023.
In particular, Legend Financial Advisors Inc. and Biltmore Family Office LLC each acquired new stakes in the ETF valued at approximately $31,000. Additionally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake worth about $32,000, while Kilter Group LLC invested roughly $33,000 in the same period. Notably, Anfield Capital Management LLC significantly increased its stake by 266.7%, bringing its total to 77 shares, valued at $34,000 after acquiring an additional 56 shares.
The Vanguard Growth ETF recently saw a slight decline, trading down 0.8% to open at $487.86. Over the past year, the ETF has experienced a low of $316.14 and a high of $505.38. The fund has a market capitalization of $198.03 billion and a price-to-earnings ratio of 36.22, indicating robust interest in its growth potential. Its 50-day moving average stands at $489.06, while the 200-day moving average is at $469.22.
The Vanguard Growth ETF aims to replicate the performance of the MSCI US Prime Market Growth Index, which includes a diversified array of large-cap growth stocks from the U.S. equity market. This indexing investment approach is designed to provide broad exposure to growth companies within the large-cap sector.
For those interested in tracking hedge fund activities and holdings in the Vanguard Growth ETF, tools like HoldingsChannel.com provide insights into the latest 13F filings and insider trades.
As the investment landscape continues to evolve, Relyea Zuckerberg Hanson LLC’s adjustment in its stake serves as a reminder of the dynamic nature of institutional investing.
