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

On February 21st, 2025, it was reported that Truist Financial Corp has increased its position in the Vanguard S&P 500 Growth ETF (NYSEARCA:VOOG) by 0.2% during the fourth quarter of the previous year. According to Holdings Channel, the financial corporation now owns 35,391 shares of this exchange-traded fund (ETF) after acquiring an additional 60 shares within that timeframe. As reported in their most recent filing with the SEC, Truist Financial Corp's holdings in the Vanguard S&P 500 Growth ETF are valued at approximately $12,955,000.

Alongside Truist, several other institutional investors and hedge funds have adjusted their positions in the Vanguard S&P 500 Growth ETF recently. For instance, GAMMA Investing LLC significantly increased its stake by 293.8% during the fourth quarter, bringing its total ownership to 512 shares worth $187,000 after purchasing an additional 382 shares. Similarly, Encompass Wealth Advisors LLC raised its position by 12.1%, now holding 9,693 shares valued at $3,548,000 after buying 1,047 more shares.

In the third quarter, Sequoia Financial Advisors LLC made a new investment in the Vanguard S&P 500 Growth ETF, amounting to approximately $1,186,000. Foundations Investment Advisors LLC also increased its stake by 4.3%, now owning 1,598 shares worth $552,000 after an additional purchase of 66 shares. Additionally, Stephens Inc. AR boosted its holdings by 15.0% in the fourth quarter and currently owns 1,167 shares valued at $427,000, following the acquisition of 152 additional shares.

Performance of Vanguard S&P 500 Growth ETF

As of Friday, the Vanguard S&P 500 Growth ETF's stock was down by 0.7%, opening at $382.15. This ETF boasts a market capitalization of $12.93 billion and exhibits a price-to-earnings ratio of 28.04, with a beta of 1.13. The fund has a 50-day moving average of $375.37 and a 200-day moving average of $356.06. Over the last year, the stock has seen a low of $285.24 and a high of $386.44.

About the Vanguard S&P 500 Growth ETF

The Vanguard S&P 500 Growth ETF (VOOG) was launched on September 7, 2010, and it is designed to track an index of large-cap growth stocks in the U.S. The fund is managed by Vanguard, a well-known asset management company.

Truist, ETF, Vanguard