Cetera Investment Advisers Sells 719,133 Shares of Vanguard Russell 1000 Growth ETF $VONG

Cetera Investment Advisers cut its stake in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 7.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,492,332 shares of the company’s stock after selling 719,133 shares during the period. Vanguard Russell 1000 Growth ETF comprises approximately 1.1% of Cetera Investment Advisers’ holdings, making the stock its 11th largest holding. Cetera Investment Advisers owned approximately 2.78% of Vanguard Russell 1000 Growth ETF worth $1,041,214,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of VONG. Bank of America Corp DE grew its position in Vanguard Russell 1000 Growth ETF by 51.7% in the fourth quarter. Bank of America Corp DE now owns 51,255,902 shares of the company’s stock valued at $6,240,406,000 after acquiring an additional 17,473,802 shares during the period. LPL Financial LLC raised its stake in Vanguard Russell 1000 Growth ETF by 6.4% during the fourth quarter. LPL Financial LLC now owns 8,174,197 shares of the company’s stock worth $995,208,000 after acquiring an additional 494,747 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Vanguard Russell 1000 Growth ETF by 6.2% during the fourth quarter. Wells Fargo & Company MN now owns 4,229,899 shares of the company’s stock valued at $514,990,000 after acquiring an additional 245,413 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Vanguard Russell 1000 Growth ETF by 7.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,710,855 shares of the company’s stock valued at $405,968,000 after purchasing an additional 251,712 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of Vanguard Russell 1000 Growth ETF by 16.8% in the 2nd quarter. Raymond James Financial Inc. now owns 3,705,989 shares of the company’s stock valued at $404,694,000 after purchasing an additional 534,216 shares in the last quarter.

Vanguard Russell 1000 Growth ETF Stock Performance

VONG opened at $124.44 on Thursday. The firm’s 50-day simple moving average is $126.70 and its 200-day simple moving average is $121.01. Vanguard Russell 1000 Growth ETF has a twelve month low of $105.22 and a twelve month high of $132.94. The firm has a market cap of $43.70 billion, a price-to-earnings ratio of 33.25 and a beta of 1.16.

Vanguard Russell 1000 Growth ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 18th were given a $0.1592 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.5%. This is a boost from Vanguard Russell 1000 Growth ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, June 18th.

Vanguard Russell 1000 Growth ETF 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.