Truist Financial Corp Increases Position in Vanguard S&P 500 Growth ETF

Truist Financial Corp has announced an increase in its investment stake in the Vanguard S&P 500 Growth ETF (NYSEARCA:VOOG) by 0.2% during the fourth quarter of 2024. As per their recent filings with the SEC, the firm now holds a total of 35,391 shares of this exchange-traded fund after acquiring an additional 60 shares. The estimated value of Truist Financial Corp's holdings in the ETF is around $12,955,000.

In addition to Truist, other institutional investors and hedge funds have also made adjustments to their holdings in the Vanguard S&P 500 Growth ETF. Notably, GAMMA Investing LLC significantly boosted its position in the fund by a whopping 293.8%. After adding 382 shares during the same period, GAMMA now owns a total of 512 shares valued at approximately $187,000.

Furthermore, Encompass Wealth Advisors LLC also increased its stake in the ETF by 12.1%, bringing their total to 9,693 shares worth about $3,548,000 after purchasing an additional 1,047 shares during the quarter. Sequoia Financial Advisors LLC initiated a new position in the fund in the previous quarter, valued at around $1,186,000. Foundations Investment Advisors LLC raised its holdings by 4.3%, now owning 1,598 shares valued at $552,000 after buying 66 more shares.

Moreover, Stephens Inc. AR expanded its position in the ETF by 15.0%, currently holding 1,167 shares worth approximately $427,000 following the acquisition of 152 additional shares.

Current Performance of Vanguard S&P 500 Growth ETF

As of the latest market activity, the Vanguard S&P 500 Growth ETF's stock opened at $382.15. It has a market capitalization of approximately $12.93 billion, a price-to-earnings ratio of 28.04, and a beta value of 1.13, indicating moderate volatility compared to the broader market. The ETF's shares have shown a 50-day moving average price of $375.37 and a 200-day moving average price of $356.06. Over the past 12 months, the stock has reached a low of $285.24 and a high of $386.44.

Understanding Vanguard S&P 500 Growth ETF

The Vanguard S&P 500 Growth ETF (VOOG) is an exchange-traded fund that tracks the performance of the S&P 500 Growth Index. This index consists of large-cap U.S. growth stocks and provides investors exposure to this segment of the equity market. Launched on September 7, 2010, the ETF is managed by Vanguard, a well-respected investment management company.

Truist, Investment, ETF