Vanguard Russell 2000 Growth ETF (NASDAQ:VTWG) Reaches New 52-Week High – Here’s Why

Vanguard Russell 2000 Growth ETF (NASDAQ:VTWG)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $280.96 and last traded at $279.41, with a volume of 7909 shares traded. The stock had previously closed at $276.30.

Vanguard Russell 2000 Growth ETF Stock Up 0.5%

The business’s 50 day moving average is $262.78 and its 200-day moving average is $249.27. The firm has a market cap of $1.43 billion, a P/E ratio of 20.82 and a beta of 1.20.

Vanguard Russell 2000 Growth ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Tuesday, March 24th were paid a $0.3241 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Tuesday, March 24th.

Hedge Funds Weigh In On Vanguard Russell 2000 Growth ETF

A number of hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its holdings in Vanguard Russell 2000 Growth ETF by 2.1% in the first quarter. NewEdge Advisors LLC now owns 3,804 shares of the company’s stock worth $871,000 after purchasing an additional 80 shares during the period. Western Wealth Management LLC acquired a new position in Vanguard Russell 2000 Growth ETF in the first quarter worth $44,000. Royal Bank of Canada boosted its holdings in Vanguard Russell 2000 Growth ETF by 60.3% in the first quarter. Royal Bank of Canada now owns 28,675 shares of the company’s stock worth $6,568,000 after purchasing an additional 10,790 shares during the period. Quantinno Capital Management LP boosted its holdings in Vanguard Russell 2000 Growth ETF by 44.9% in the first quarter. Quantinno Capital Management LP now owns 1,884 shares of the company’s stock worth $432,000 after purchasing an additional 584 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in Vanguard Russell 2000 Growth ETF by 1.5% in the first quarter. Cetera Investment Advisers now owns 38,082 shares of the company’s stock worth $8,722,000 after purchasing an additional 562 shares during the period.

About Vanguard Russell 2000 Growth ETF

The Vanguard Russell 2000 Growth ETF (VTWG) is an exchange-traded fund that is based on the Russell 2000 Growth index. The fund tracks an index of US small-cap growth stocks. Holdings are selected and weighted based on EPS growth estimates and historical sales growth. VTWG was launched on Sep 20, 2010 and is managed by Vanguard.