Sequoia Financial Advisors LLC Sells 24,456 Shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG)

Sequoia Financial Advisors LLC reduced its holdings in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 0.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 3,247,550 shares of the company’s stock after selling 24,456 shares during the quarter. Vanguard Russell 1000 Growth ETF makes up 2.3% of Sequoia Financial Advisors LLC’s portfolio, making the stock its 5th biggest position. Sequoia Financial Advisors LLC owned approximately 1.24% of Vanguard Russell 1000 Growth ETF worth $301,340,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. LPL Financial LLC increased its position in Vanguard Russell 1000 Growth ETF by 6.8% in the fourth quarter. LPL Financial LLC now owns 5,525,452 shares of the company’s stock worth $570,779,000 after buying an additional 352,590 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Vanguard Russell 1000 Growth ETF by 3.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 3,735,457 shares of the company’s stock worth $385,873,000 after acquiring an additional 112,803 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Vanguard Russell 1000 Growth ETF by 11.7% in the 4th quarter. Wells Fargo & Company MN now owns 3,695,628 shares of the company’s stock worth $381,758,000 after acquiring an additional 386,910 shares during the period. Raymond James Financial Inc. bought a new stake in Vanguard Russell 1000 Growth ETF in the 4th quarter valued at about $307,101,000. Finally, Commonwealth Equity Services LLC lifted its position in Vanguard Russell 1000 Growth ETF by 7.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,206,093 shares of the company’s stock valued at $227,889,000 after purchasing an additional 151,225 shares during the last quarter.

Vanguard Russell 1000 Growth ETF Trading Up 0.4%

NASDAQ VONG opened at $106.92 on Thursday. The company has a 50-day moving average price of $100.05 and a two-hundred day moving average price of $100.39. Vanguard Russell 1000 Growth ETF has a 52 week low of $79.40 and a 52 week high of $107.97. The stock has a market cap of $28.06 billion, a price-to-earnings ratio of 33.25 and a beta of 1.08.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Friday, June 20th were paid a dividend of $0.134 per share. This represents a $0.54 annualized dividend and a yield of 0.50%. The ex-dividend date was Friday, June 20th.

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.