Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Stock Price Breaks Below 200 Day Moving Average – Time to Sell?

Vanguard Russell 1000 Growth ETF (NASDAQ:VONG)’s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $122.97 and traded as low as $119.80. Vanguard Russell 1000 Growth ETF shares last traded at $121.09, with a volume of 1,483,353 shares.

Vanguard Russell 1000 Growth ETF Stock Down 2.9%

The stock has a market cap of $44.22 billion, a PE ratio of 33.25 and a beta of 1.16. The stock has a 50-day moving average of $127.28 and a 200 day moving average of $122.97.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in Vanguard Russell 1000 Growth ETF by 48.5% in the 1st quarter. Bank of America Corp DE now owns 76,119,779 shares of the company’s stock valued at $8,349,579,000 after purchasing an additional 24,863,877 shares during the last quarter. Envestnet Asset Management Inc. lifted 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 worth $691,520,000 after purchasing an additional 343,780 shares in the last quarter. Apollon Wealth Management LLC boosted its position in shares of Vanguard Russell 1000 Growth ETF by 15.2% during the third quarter. Apollon Wealth Management LLC now owns 1,305,364 shares of the company’s stock worth $168,301,000 after buying an additional 172,046 shares during the period. Royal Bank of Canada boosted its position in shares of 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 buying an additional 193,959 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of 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 buying an additional 658,343 shares during the period.

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.