Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Reaches New 52-Week High – Here’s Why

Vanguard Russell 1000 Growth ETF (NASDAQ:VONG)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $99.89 and last traded at $99.89, with a volume of 26256 shares. The stock had previously closed at $98.04.

Vanguard Russell 1000 Growth ETF Trading Up 2.3 %

The stock has a market cap of $23.37 billion, a PE ratio of 36.74 and a beta of 1.08. The company’s 50 day moving average is $95.77 and its 200-day moving average is $92.55.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.139 per share. This represents a $0.56 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Investors Weigh In On Vanguard Russell 1000 Growth ETF

Several hedge funds and other institutional investors have recently modified their holdings of VONG. Liberty Wealth Management LLC increased its position in shares of Vanguard Russell 1000 Growth ETF by 5,886.5% in the 2nd quarter. Liberty Wealth Management LLC now owns 412,173 shares of the company’s stock worth $38,666,000 after purchasing an additional 405,288 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Vanguard Russell 1000 Growth ETF by 291.0% during the 1st quarter. Cetera Investment Advisers now owns 481,296 shares of the company’s stock valued at $41,714,000 after buying an additional 358,214 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Vanguard Russell 1000 Growth ETF by 18.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,704,787 shares of the company’s stock valued at $159,926,000 after buying an additional 264,005 shares during the last quarter. Pacific Life Fund Advisors LLC bought a new stake in shares of Vanguard Russell 1000 Growth ETF during the 2nd quarter valued at about $23,994,000. Finally, Edge Capital Group LLC grew its position in shares of Vanguard Russell 1000 Growth ETF by 97.9% during the 2nd quarter. Edge Capital Group LLC now owns 444,221 shares of the company’s stock valued at $41,672,000 after buying an additional 219,736 shares during 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.