SageView Advisory Group LLC reduced its stake in Vanguard Growth ETF by 30.8% during the first quarter. After selling 5,280 shares, the firm now holds 11,885 shares valued at $4,407,000.
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SageView Advisory Group LLC Reduces Stock Position in Vanguard Growth ETF $VUG
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Key Takeaways:
- SageView Advisory Group LLC cut its stake in Vanguard Growth ETF by 30.8%.
- The firm sold 5,280 shares during the first quarter.
- It now holds 11,885 shares, worth $4,407,000.
- These changes come from the latest quarterly filing.
SageView’s Recent Move
SageView Advisory Group LLC has taken a decisive step in rebalancing its portfolio by trimming its position in Vanguard Growth ETF (NYSEARCA: VUG). According to first-quarter data, the firm sold 5,280 shares, reflecting a 30.8% reduction in its holdings.
Assessing the New Holdings
After the sell-off, SageView Advisory Group LLC retains 11,885 shares of Vanguard Growth ETF. The total value of these shares stands at $4,407,000, underscoring the continued significance of VUG within the firm’s portfolio.
Quarterly Filing Insights
Information from the HoldingsChannel indicates that this transaction occurred during the first quarter. Such periodic filings offer a window into the ever-evolving strategies of investment advisors and wealth management firms.
Vanguard Growth ETF at a Glance
Vanguard Growth ETF is often seen as a fund emphasizing growth-oriented companies. While SageView’s move may reflect a change in portfolio strategy, the fund’s core objective remains centered on tracking growth stocks. The update offers a snapshot of investment decisions in action, highlighting how various financial players adjust their stakes based on market conditions and goals.
