Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Sets New 1-Year High – Here’s Why

Shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) reached a new 52-week high during trading on Monday . The company traded as high as $107.37 and last traded at $107.23, with a volume of 240504 shares traded. The stock had previously closed at $106.55.

Vanguard Russell 1000 Growth ETF Stock Performance

The company has a market capitalization of $25.13 billion, a price-to-earnings ratio of 36.74 and a beta of 1.08. The business’s 50 day moving average price is $100.78 and its two-hundred day moving average price is $95.85.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.139 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Thursday, September 26th.

Institutional Trading of Vanguard Russell 1000 Growth ETF

A number of hedge funds and other institutional investors have recently modified their holdings of VONG. LPL Financial LLC grew its holdings in Vanguard Russell 1000 Growth ETF by 10.3% during the third quarter. LPL Financial LLC now owns 5,172,862 shares of the company’s stock worth $499,285,000 after acquiring an additional 481,895 shares during the period. TIAA Trust National Association grew its stake in shares of Vanguard Russell 1000 Growth ETF by 3.3% in the 2nd quarter. TIAA Trust National Association now owns 4,605,875 shares of the company’s stock worth $432,077,000 after purchasing an additional 146,165 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Vanguard Russell 1000 Growth ETF by 0.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,054,868 shares of the company’s stock worth $198,336,000 after purchasing an additional 16,377 shares in the last quarter. HighTower Advisors LLC lifted its stake in Vanguard Russell 1000 Growth ETF by 1.0% during the third quarter. HighTower Advisors LLC now owns 1,442,212 shares of the company’s stock valued at $139,179,000 after purchasing an additional 13,670 shares during the last quarter. Finally, Wealthquest Corp boosted its holdings in Vanguard Russell 1000 Growth ETF by 5.0% during the third quarter. Wealthquest Corp now owns 1,268,388 shares of the company’s stock worth $120,839,000 after buying an additional 60,822 shares in the last quarter.

About Vanguard Russell 1000 Growth ETF

The Vanguard Russell 1000 Growth ETF (VONG) is an exchange-traded fund that is based on the Russell 1000 Growth index. The fund tracks an index of US large- and mid-cap stocks selected from the Russell 1000 Index with high growth characteristics, based on Russell’s style methodology. VONG was launched on Sep 20, 2010 and is managed by Vanguard.