Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Reaches New 52-Week High – What’s Next?

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

Vanguard Russell 1000 Growth ETF Trading Down 1.1%

The stock’s 50 day moving average price is $117.32 and its 200 day moving average price is $119.52. The firm has a market cap of $43.69 billion, a PE 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 Thursday, March 26th. Investors of record on Tuesday, March 24th were paid a dividend of $0.1418 per share. This is a positive change 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 annualized dividend and a yield of 0.4%.

Institutional Investors Weigh In On Vanguard Russell 1000 Growth ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Amundi acquired a new position in shares of Vanguard Russell 1000 Growth ETF in the 1st quarter valued at about $488,000. AQR Capital Management LLC boosted its holdings in shares of Vanguard Russell 1000 Growth ETF by 9.1% in the 1st quarter. AQR Capital Management LLC now owns 37,849 shares of the company’s stock valued at $3,512,000 after buying an additional 3,154 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Vanguard Russell 1000 Growth ETF by 17.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 473,073 shares of the company’s stock valued at $43,896,000 after buying an additional 69,346 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Vanguard Russell 1000 Growth ETF by 13.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,489 shares of the company’s stock valued at $272,000 after buying an additional 287 shares during the period. Finally, Invesco Ltd. acquired a new position in shares of Vanguard Russell 1000 Growth ETF in the 2nd quarter valued at about $475,000.

Vanguard Russell 1000 Growth ETF Company 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.