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

Truist Financial Corp has slightly increased its investment in the Vanguard S&P 500 Growth ETF (NYSEARCA:VOOG) by 0.2% during the fourth quarter of the fiscal year. According to recent reports, the company now holds a total of 35,391 shares after acquiring an additional 60 shares in that time frame. As of the latest filing with the SEC, Truist Financial Corp’s total investment in the Vanguard ETF is valued at approximately $12,955,000.

In addition to Truist Financial, several institutional investors and hedge funds have also made adjustments to their holdings in the Vanguard S&P 500 Growth ETF. For instance, GAMMA Investing LLC significantly boosted its stake by 293.8% during the same quarter, bringing its share count to 512, valued at around $187,000 after acquiring an extra 382 shares.

Another notable player is Encompass Wealth Advisors LLC, which raised its position by 12.1%, resulting in a total of 9,693 shares worth approximately $3,548,000 after purchasing 1,047 additional shares. Additionally, Sequoia Financial Advisors LLC established a new position in the ETF, worth around $1,186,000 during the previous quarter.

Foundations Investment Advisors LLC also expanded its holdings by 4.3% and now owns 1,598 shares amounting to $552,000, after adding another 66 shares. Lastly, Stephens Inc. AR increased its stake by 15.0%, owning now 1,167 shares worth about $427,000 after acquiring 152 shares in the last quarter.

Overview of Vanguard S&P 500 Growth ETF

The Vanguard S&P 500 Growth ETF is designed to track the performance of the S&P 500 Growth index and consists of U.S. large-cap growth stocks. Launched on September 7, 2010, this ETF is managed by Vanguard and targets investors looking for growth opportunities.

Current Stock Performance

The Vanguard S&P 500 Growth ETF experienced a slight decline, with its stock opening at $382.15 recently. The ETF boasts a market capitalization of $12.93 billion, a price-to-earnings ratio of 28.04, and a beta of 1.13, indicating a relatively higher volatility compared to the market. The ETF has a 50-day moving average price of $375.37 and a 200-day moving average price of $356.06. Over the past year, the ETF has fluctuated between a low of $285.24 and a high of $386.44.

Truist, Investment, ETF