Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Reaches New 1-Year High – Here’s Why

Vanguard Russell 1000 Growth ETF (NASDAQ:VONG)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $128.00 and last traded at $127.98, with a volume of 2185335 shares changing hands. The stock had previously closed at $126.92.

Vanguard Russell 1000 Growth ETF Stock Performance

The business’s 50-day moving average is $116.80 and its two-hundred day moving average is $119.42. The stock has a market capitalization of $43.73 billion, a PE ratio of 33.25 and a beta of 1.16.

Vanguard Russell 1000 Growth ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Asset Management One Co. Ltd. grew its holdings in shares of Vanguard Russell 1000 Growth ETF by 19.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 526 shares of the company’s stock valued at $65,000 after acquiring an additional 84 shares in the last quarter. Wealthfront Advisers LLC grew its holdings in shares of Vanguard Russell 1000 Growth ETF by 3.6% in the first quarter. Wealthfront Advisers LLC now owns 2,587 shares of the company’s stock valued at $284,000 after acquiring an additional 89 shares in the last quarter. Cedar Point Capital Partners LLC grew its holdings in shares of Vanguard Russell 1000 Growth ETF by 3.5% in the fourth quarter. Cedar Point Capital Partners LLC now owns 2,811 shares of the company’s stock valued at $342,000 after acquiring an additional 96 shares in the last quarter. Evolution Wealth Management Inc. grew its holdings in shares of Vanguard Russell 1000 Growth ETF by 11.0% in the first quarter. Evolution Wealth Management Inc. now owns 976 shares of the company’s stock valued at $107,000 after acquiring an additional 97 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Vanguard Russell 1000 Growth ETF by 2.9% in the third quarter. Franklin Resources Inc. now owns 3,542 shares of the company’s stock valued at $427,000 after acquiring an additional 100 shares in the last quarter.

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.