Summit Financial Strategies Inc. Invests $9.26 Million in Vanguard Russell 1000 Growth ETF $VONG

Summit Financial Strategies Inc. bought a new position in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) during the fourth quarter, Holdings Channel reports. The fund bought 76,027 shares of the company’s stock, valued at approximately $9,256,000. Vanguard Russell 1000 Growth ETF makes up 0.8% of Summit Financial Strategies Inc.’s portfolio, making the stock its 22nd biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VONG. First Horizon Corp bought a new stake in shares of Vanguard Russell 1000 Growth ETF in the 3rd quarter worth approximately $1,697,000. Belpointe Asset Management LLC boosted its position in shares of Vanguard Russell 1000 Growth ETF by 65.1% in the 3rd quarter. Belpointe Asset Management LLC now owns 82,065 shares of the company’s stock worth $9,889,000 after purchasing an additional 32,367 shares in the last quarter. AMG National Trust Bank boosted its position in shares of Vanguard Russell 1000 Growth ETF by 27.2% in the 3rd quarter. AMG National Trust Bank now owns 27,811 shares of the company’s stock worth $3,351,000 after purchasing an additional 5,948 shares in the last quarter. Apella Capital LLC boosted its position in shares of Vanguard Russell 1000 Growth ETF by 18.8% in the 4th quarter. Apella Capital LLC now owns 273,676 shares of the company’s stock worth $33,320,000 after purchasing an additional 43,231 shares in the last quarter. Finally, CoreCap Advisors LLC raised its position in shares of Vanguard Russell 1000 Growth ETF by 18.2% in the 3rd quarter. CoreCap Advisors LLC now owns 34,359 shares of the company’s stock worth $4,140,000 after purchasing an additional 5,281 shares during the last quarter.

Vanguard Russell 1000 Growth ETF Price Performance

VONG opened at $122.56 on Friday. The stock has a 50-day moving average price of $114.55 and a 200-day moving average price of $119.09. The firm has a market cap of $41.80 billion, a PE ratio of 33.25 and a beta of 1.16. Vanguard Russell 1000 Growth ETF has a 1 year low of $84.50 and a 1 year high of $126.83.

Vanguard Russell 1000 Growth ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Tuesday, March 24th were given a $0.1418 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.57 annualized dividend and a dividend yield of 0.5%. This is a boost from Vanguard Russell 1000 Growth ETF’s previous quarterly dividend of $0.14.

Vanguard Russell 1000 Growth ETF Company Profile

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.