American Money Management LLC Lowers Stock Position in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG)

American Money Management LLC lessened its holdings in shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 13.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,857 shares of the company’s stock after selling 1,621 shares during the period. American Money Management LLC’s holdings in Vanguard Russell 1000 Growth ETF were worth $1,122,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. LPL Financial LLC grew its holdings in Vanguard Russell 1000 Growth ETF by 6.8% in the fourth quarter. LPL Financial LLC now owns 5,525,452 shares of the company’s stock worth $570,779,000 after purchasing an additional 352,590 shares during the period. Raymond James Financial Inc. bought a new position in Vanguard Russell 1000 Growth ETF during the 4th quarter valued at approximately $307,101,000. Commonwealth Equity Services LLC increased its holdings in shares of Vanguard Russell 1000 Growth ETF by 7.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,206,093 shares of the company’s stock valued at $227,889,000 after acquiring an additional 151,225 shares in the last quarter. Truist Financial Corp increased its stake in Vanguard Russell 1000 Growth ETF by 6.2% during the 4th quarter. Truist Financial Corp now owns 1,901,524 shares of the company’s stock valued at $196,427,000 after purchasing an additional 111,662 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in Vanguard Russell 1000 Growth ETF in the 4th quarter worth approximately $180,769,000.

Vanguard Russell 1000 Growth ETF Price Performance

Shares of NASDAQ:VONG opened at $92.71 on Friday. The company has a market cap of $22.48 billion, a P/E ratio of 33.19 and a beta of 1.08. The stock’s fifty day moving average price is $101.45 and its 200-day moving average price is $101.01. Vanguard Russell 1000 Growth ETF has a 1 year low of $81.08 and a 1 year high of $107.97.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.1366 per share. The ex-dividend date was Tuesday, March 25th. This represents a $0.55 annualized dividend and a dividend yield of 0.59%.

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.