Vanguard Russell 1000 Growth ETF $VONG Shares Acquired by Royal Fund Management LLC

Royal Fund Management LLC lifted its stake in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 11.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 93,497 shares of the company’s stock after acquiring an additional 9,405 shares during the period. Vanguard Russell 1000 Growth ETF accounts for approximately 1.1% of Royal Fund Management LLC’s portfolio, making the stock its 19th biggest position. Royal Fund Management LLC’s holdings in Vanguard Russell 1000 Growth ETF were worth $11,327,000 at the end of the most recent quarter.

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

Vanguard Russell 1000 Growth ETF Stock Down 2.1%

NASDAQ:VONG opened at $117.42 on Thursday. The company has a market capitalization of $41.23 billion, a PE ratio of 33.25 and a beta of 1.16. Vanguard Russell 1000 Growth ETF has a 52-week low of $105.22 and a 52-week high of $132.94. The stock’s 50 day moving average price is $125.91 and its 200 day moving average price is $120.95.

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 given a dividend of $0.1592 per share. This represents a $0.64 dividend on an annualized basis and a dividend 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.

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.