Summit Financial Strategies Inc. Increases Stock Holdings in Vanguard Russell 1000 Growth ETF $VONG

Summit Financial Strategies Inc. increased its stake in shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 227.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 248,740 shares of the company’s stock after purchasing an additional 172,713 shares during the quarter. Vanguard Russell 1000 Growth ETF makes up 2.2% of Summit Financial Strategies Inc.’s holdings, making the stock its 15th biggest position. Summit Financial Strategies Inc.’s holdings in Vanguard Russell 1000 Growth ETF were worth $27,284,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Glen Eagle Advisors LLC bought a new position in Vanguard Russell 1000 Growth ETF during the fourth quarter valued at $25,000. Investment Research & Advisory Group Inc. bought a new stake in shares of Vanguard Russell 1000 Growth ETF in the 4th quarter worth about $25,000. Triumph Capital Management lifted its holdings in shares of Vanguard Russell 1000 Growth ETF by 208.6% in the 4th quarter. Triumph Capital Management now owns 216 shares of the company’s stock worth $26,000 after acquiring an additional 146 shares during the last quarter. Quadrant Capital Group LLC purchased a new position in shares of Vanguard Russell 1000 Growth ETF during the 4th quarter worth about $32,000. Finally, Harbor Investment Advisory LLC boosted its stake in shares of Vanguard Russell 1000 Growth ETF by 334.4% during the 1st quarter. Harbor Investment Advisory LLC now owns 278 shares of the company’s stock worth $30,000 after purchasing an additional 214 shares during the period.

Vanguard Russell 1000 Growth ETF Stock Up 0.5%

NASDAQ:VONG traded up $0.64 during mid-day trading on Friday, hitting $127.57. 735,688 shares of the stock traded hands, compared to its average volume of 2,496,531. Vanguard Russell 1000 Growth ETF has a 52 week low of $105.22 and a 52 week high of $132.94. The stock has a market capitalization of $44.80 billion, a price-to-earnings ratio of 33.25 and a beta of 1.16. The firm’s 50 day moving average is $126.88 and its two-hundred day moving average is $120.91.

Vanguard Russell 1000 Growth ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 18th were paid a dividend of $0.1592 per share. This is a positive change from Vanguard Russell 1000 Growth ETF’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend 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.