Congress Wealth Management LLC DE Increases Position in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG)

Congress Wealth Management LLC DE increased its stake in shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 0.4% during the first quarter, Holdings Channel reports. The institutional investor owned 595,154 shares of the company’s stock after acquiring an additional 2,408 shares during the period. Vanguard Russell 1000 Growth ETF comprises about 0.9% of Congress Wealth Management LLC DE’s portfolio, making the stock its 18th biggest position. Congress Wealth Management LLC DE’s holdings in Vanguard Russell 1000 Growth ETF were worth $51,582,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Avantax Advisory Services Inc. grew its stake in Vanguard Russell 1000 Growth ETF by 0.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 10,705,093 shares of the company’s stock valued at $835,211,000 after acquiring an additional 43,960 shares during the last quarter. Morgan Stanley raised its position in shares of Vanguard Russell 1000 Growth ETF by 0.9% during the 3rd quarter. Morgan Stanley now owns 4,773,262 shares of the company’s stock worth $326,682,000 after purchasing an additional 43,855 shares during the last quarter. TIAA Trust National Association lifted its stake in Vanguard Russell 1000 Growth ETF by 1.4% in the 4th quarter. TIAA Trust National Association now owns 4,274,074 shares of the company’s stock valued at $333,463,000 after buying an additional 57,382 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Vanguard Russell 1000 Growth ETF by 5.1% during the 4th quarter. Wells Fargo & Company MN now owns 3,421,311 shares of the company’s stock valued at $266,931,000 after buying an additional 166,104 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in Vanguard Russell 1000 Growth ETF by 7.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,290,989 shares of the company’s stock worth $256,763,000 after buying an additional 215,713 shares in the last quarter.

Vanguard Russell 1000 Growth ETF Trading Up 0.9 %

Shares of NASDAQ VONG traded up $0.86 during trading on Monday, reaching $94.67. The company had a trading volume of 940,788 shares, compared to its average volume of 861,336. Vanguard Russell 1000 Growth ETF has a twelve month low of $65.85 and a twelve month high of $95.30. The stock has a 50-day moving average price of $89.14 and a two-hundred day moving average price of $84.92. The stock has a market capitalization of $21.04 billion, a PE ratio of 36.74 and a beta of 1.08.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Thursday, June 27th will be issued a $0.141 dividend. The ex-dividend date is Thursday, June 27th. This represents a $0.56 dividend on an annualized basis and a yield of 0.60%.

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.