Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Hits New 12-Month High – Here’s What Happened

Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) reached a new 52-week high during trading on Tuesday . The company traded as high as $129.84 and last traded at $129.75, with a volume of 335805 shares changing hands. The stock had previously closed at $128.62.

Vanguard Russell 1000 Growth ETF Trading Up 0.5%

The stock has a market capitalization of $44.08 billion, a P/E ratio of 33.25 and a beta of 1.16. The business has a 50-day moving average price of $119.02 and a 200 day moving average price of $119.66.

Vanguard Russell 1000 Growth ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VONG. Bank of America Corp DE lifted its position in Vanguard Russell 1000 Growth ETF by 48.5% in the first quarter. Bank of America Corp DE now owns 76,119,779 shares of the company’s stock worth $8,349,579,000 after buying an additional 24,863,877 shares during the last quarter. Valpey Financial Services LLC lifted its position in Vanguard Russell 1000 Growth ETF by 11,768.8% in the fourth quarter. Valpey Financial Services LLC now owns 1,737,121 shares of the company’s stock worth $211,494,000 after buying an additional 1,722,485 shares during the last quarter. Jabodon PT Co. bought a new stake in Vanguard Russell 1000 Growth ETF in the fourth quarter worth $177,692,000. Quent Long Short Global Small Cap Fund LP bought a new stake in Vanguard Russell 1000 Growth ETF in the fourth quarter worth $128,233,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Vanguard Russell 1000 Growth ETF in the fourth quarter worth $123,378,000.

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.