Cedar Wealth Management LLC Takes Position in Vanguard Russell 1000 Growth ETF $VONG

Cedar Wealth Management LLC acquired a new stake in shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 6,109 shares of the company’s stock, valued at approximately $744,000.

Other institutional investors have also added to or reduced their stakes in the company. Investment Research & Advisory Group Inc. purchased a new position in Vanguard Russell 1000 Growth ETF during the 4th quarter valued at about $25,000. WPG Advisers LLC purchased a new stake in shares of Vanguard Russell 1000 Growth ETF in the third quarter worth about $31,000. Founders Financial Alliance LLC bought a new position in shares of Vanguard Russell 1000 Growth ETF in the third quarter valued at approximately $32,000. West Paces Advisors Inc. purchased a new position in Vanguard Russell 1000 Growth ETF during the fourth quarter valued at approximately $42,000. Finally, Golden State Wealth Management LLC increased its holdings in Vanguard Russell 1000 Growth ETF by 244.2% during the 3rd quarter. Golden State Wealth Management LLC now owns 358 shares of the company’s stock worth $43,000 after acquiring an additional 254 shares during the period.

Vanguard Russell 1000 Growth ETF Price Performance

Shares of NASDAQ:VONG opened at $127.77 on Tuesday. The firm has a fifty day moving average price of $117.77 and a two-hundred day moving average price of $119.55. The company has a market cap of $43.58 billion, a price-to-earnings ratio of 33.25 and a beta of 1.16. Vanguard Russell 1000 Growth ETF has a one year low of $99.91 and a one year high of $129.73.

Vanguard Russell 1000 Growth ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Tuesday, March 24th were given a dividend of $0.1418 per share. The ex-dividend date was Tuesday, March 24th. This is a positive change from Vanguard Russell 1000 Growth ETF’s previous quarterly dividend of $0.14. This represents a $0.57 annualized dividend and a yield of 0.4%.

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.