Freedom Investment Management Inc. Grows Holdings in Vanguard Russell 1000 Growth ETF $VONG

Freedom Investment Management Inc. grew its stake in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 58.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 102,747 shares of the company’s stock after acquiring an additional 37,727 shares during the period. Vanguard Russell 1000 Growth ETF comprises 0.9% of Freedom Investment Management Inc.’s investment portfolio, making the stock its 20th biggest holding. Freedom Investment Management Inc.’s holdings in Vanguard Russell 1000 Growth ETF were worth $11,220,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in VONG. JFS Wealth Advisors LLC raised its stake in shares of Vanguard Russell 1000 Growth ETF by 55.4% in the 1st quarter. JFS Wealth Advisors LLC now owns 917 shares of the company’s stock valued at $85,000 after acquiring an additional 327 shares during the period. Oppenheimer & Co. Inc. increased its stake in Vanguard Russell 1000 Growth ETF by 73.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 6,906 shares of the company’s stock worth $641,000 after buying an additional 2,926 shares during the period. Spire Wealth Management increased its stake in Vanguard Russell 1000 Growth ETF by 337.9% during the 1st quarter. Spire Wealth Management now owns 2,080 shares of the company’s stock worth $193,000 after buying an additional 1,605 shares during the period. Bessemer Group Inc. increased its stake in Vanguard Russell 1000 Growth ETF by 39.5% during the 1st quarter. Bessemer Group Inc. now owns 12,368 shares of the company’s stock worth $1,147,000 after buying an additional 3,500 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its stake in Vanguard Russell 1000 Growth ETF by 4.4% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 393,815 shares of the company’s stock worth $36,542,000 after buying an additional 16,615 shares during the period.

Vanguard Russell 1000 Growth ETF Stock Down 0.8%

Shares of VONG opened at $120.64 on Thursday. Vanguard Russell 1000 Growth ETF has a fifty-two week low of $79.39 and a fifty-two week high of $122.66. The firm’s 50 day moving average price is $118.20 and its 200 day moving average price is $108.29. The company has a market cap of $32.64 billion, a P/E ratio of 33.25 and a beta of 1.08.

Vanguard Russell 1000 Growth ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Wednesday, September 24th were given a $0.1419 dividend. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Vanguard Russell 1000 Growth ETF’s previous quarterly dividend of $0.13.

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.