Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Sets New 1-Year High – Still a Buy?

Shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) reached a new 52-week high on Wednesday . The company traded as high as $103.10 and last traded at $103.01, with a volume of 385677 shares trading hands. The stock had previously closed at $102.62.

Vanguard Russell 1000 Growth ETF Stock Performance

The company has a 50-day moving average price of $96.65 and a 200-day moving average price of $93.22. The firm has a market capitalization of $23.90 billion, a P/E ratio of 36.74 and a beta of 1.08.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.139 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.56 annualized dividend and a dividend yield of 0.54%.

Institutional Investors Weigh In On Vanguard Russell 1000 Growth ETF

Hedge funds have recently bought and sold shares of the company. FMR LLC increased its holdings in shares of Vanguard Russell 1000 Growth ETF by 11.3% in the third quarter. FMR LLC now owns 49,230 shares of the company’s stock worth $4,752,000 after acquiring an additional 4,988 shares in the last quarter. Diversified LLC increased its stake in Vanguard Russell 1000 Growth ETF by 7.7% during the 3rd quarter. Diversified LLC now owns 37,574 shares of the company’s stock worth $3,627,000 after purchasing an additional 2,676 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in Vanguard Russell 1000 Growth ETF by 91.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 62,630 shares of the company’s stock worth $6,045,000 after buying an additional 30,000 shares during the period. Wealth Dimensions Group Ltd. lifted its stake in Vanguard Russell 1000 Growth ETF by 4.4% in the third quarter. Wealth Dimensions Group Ltd. now owns 190,366 shares of the company’s stock valued at $18,374,000 after buying an additional 8,092 shares in the last quarter. Finally, Baltimore Washington Financial Advisors Inc. boosted its holdings in shares of Vanguard Russell 1000 Growth ETF by 2.9% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 474,160 shares of the company’s stock valued at $45,766,000 after buying an additional 13,531 shares during the period.

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.