Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Hits New 1-Year High – Here’s Why

Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) shares reached a new 52-week high on Thursday . The stock traded as high as $126.89 and last traded at $126.66, with a volume of 77090 shares traded. The stock had previously closed at $126.03.

Vanguard Russell 1000 Growth ETF Trading Up 0.7%

The company has a fifty day moving average of $116.19 and a two-hundred day moving average of $119.30. The stock has a market capitalization of $43.38 billion, a price-to-earnings ratio of 33.25 and a beta of 1.16.

Vanguard Russell 1000 Growth ETF Increases Dividend

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

Institutional Investors Weigh In On Vanguard Russell 1000 Growth ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in Vanguard Russell 1000 Growth ETF by 51.7% in the 4th quarter. Bank of America Corp DE now owns 51,255,902 shares of the company’s stock worth $6,240,406,000 after purchasing an additional 17,473,802 shares during the last quarter. LPL Financial LLC lifted its holdings in Vanguard Russell 1000 Growth ETF by 6.4% in the 4th quarter. LPL Financial LLC now owns 8,174,197 shares of the company’s stock worth $995,208,000 after purchasing an additional 494,747 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Vanguard Russell 1000 Growth ETF by 6.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,229,899 shares of the company’s stock worth $514,990,000 after purchasing an additional 245,413 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Vanguard Russell 1000 Growth ETF by 8.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,031,762 shares of the company’s stock worth $485,265,000 after purchasing an additional 320,907 shares during the last quarter. Finally, UBS Group AG lifted its holdings in Vanguard Russell 1000 Growth ETF by 0.8% in the 3rd quarter. UBS Group AG now owns 3,994,158 shares of the company’s stock worth $481,296,000 after purchasing an additional 29,877 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.