Sowell Financial Services LLC Makes New $19.59 Million Investment in Vanguard Russell 1000 Growth ETF $VONG

Sowell Financial Services LLC bought a new stake in shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 151,951 shares of the company’s stock, valued at approximately $19,591,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of America Corp DE lifted its holdings in shares of 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 valued at $8,349,579,000 after buying an additional 24,863,877 shares during the period. Envestnet Asset Management Inc. boosted its stake in Vanguard Russell 1000 Growth ETF by 6.8% during the second quarter. Envestnet Asset Management Inc. now owns 5,410,693 shares of the company’s stock valued at $691,520,000 after buying an additional 343,780 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Vanguard Russell 1000 Growth ETF by 13.9% during the first quarter. Janney Montgomery Scott LLC now owns 1,803,853 shares of the company’s stock worth $197,865,000 after acquiring an additional 220,766 shares during the period. Royal Bank of Canada grew its holdings in Vanguard Russell 1000 Growth ETF by 17.7% during the first quarter. Royal Bank of Canada now owns 1,288,656 shares of the company’s stock worth $141,352,000 after acquiring an additional 193,959 shares during the period. Finally, Fifth Third Bancorp grew its holdings in Vanguard Russell 1000 Growth ETF by 111.7% during the first quarter. Fifth Third Bancorp now owns 1,247,760 shares of the company’s stock worth $136,867,000 after acquiring an additional 658,343 shares during the period.

Vanguard Russell 1000 Growth ETF Price Performance

NASDAQ VONG opened at $126.04 on Wednesday. The company’s 50 day simple moving average is $127.76 and its 200 day simple moving average is $125.58. Vanguard Russell 1000 Growth ETF has a 12 month low of $105.22 and a 12 month high of $133.63. The company has a market capitalization of $46.02 billion, a P/E ratio of 33.25 and a beta of 1.16.

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.