Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Stake Lessened by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group trimmed its position in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 7.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,931 shares of the company’s stock after selling 733 shares during the period. Rehmann Capital Advisory Group’s holdings in Vanguard Russell 1000 Growth ETF were worth $774,000 at the end of the most recent reporting period.

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

Vanguard Russell 1000 Growth ETF Stock Up 0.8 %

VONG stock traded up $0.74 during trading on Wednesday, hitting $98.21. 577,152 shares of the company’s stock traded hands, compared to its average volume of 853,551. Vanguard Russell 1000 Growth ETF has a 52 week low of $65.85 and a 52 week high of $98.31. The stock has a fifty day moving average price of $90.42 and a two-hundred day moving average price of $85.59. The stock has a market capitalization of $21.97 billion, a price-to-earnings ratio of 36.74 and a beta of 1.08.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Thursday, June 27th were paid a dividend of $0.141 per share. The ex-dividend date was Thursday, June 27th. This represents a $0.56 annualized dividend and a yield of 0.57%.

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.