McAdam LLC Reduces Stock Position in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG)

McAdam LLC decreased its holdings in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 1.6% during the second quarter, HoldingsChannel.com reports. The firm owned 11,491 shares of the company’s stock after selling 183 shares during the quarter. McAdam LLC’s holdings in Vanguard Russell 1000 Growth ETF were worth $1,078,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Deane Retirement Strategies Inc. bought a new position in shares of Vanguard Russell 1000 Growth ETF in the first quarter worth about $26,000. YHB Investment Advisors Inc. purchased a new position in shares of Vanguard Russell 1000 Growth ETF during the first quarter worth approximately $35,000. Stuart Chaussee & Associates Inc. purchased a new position in shares of Vanguard Russell 1000 Growth ETF during the first quarter worth approximately $35,000. Mather Group LLC. bought a new stake in shares of Vanguard Russell 1000 Growth ETF during the second quarter valued at approximately $35,000. Finally, Financial Management Professionals Inc. purchased a new stake in shares of Vanguard Russell 1000 Growth ETF in the first quarter valued at approximately $42,000.

Vanguard Russell 1000 Growth ETF Stock Performance

VONG traded up $1.10 during trading on Friday, hitting $94.72. 1,638,666 shares of the stock were exchanged, compared to its average volume of 842,075. The firm has a 50 day simple moving average of $93.25 and a 200 day simple moving average of $88.65. The firm has a market cap of $21.19 billion, a price-to-earnings ratio of 36.74 and a beta of 1.08. Vanguard Russell 1000 Growth ETF has a 1 year low of $65.85 and a 1 year high of $98.46.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders 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 dividend yield of 0.60%.

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.