Apollon Wealth Management LLC Has $67.75 Million Stock Position in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG)

Apollon Wealth Management LLC reduced its stake in shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 1.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 722,167 shares of the company’s stock after selling 10,583 shares during the quarter. Vanguard Russell 1000 Growth ETF comprises about 2.1% of Apollon Wealth Management LLC’s investment portfolio, making the stock its 5th largest holding. Apollon Wealth Management LLC owned 0.32% of Vanguard Russell 1000 Growth ETF worth $67,747,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Deane Retirement Strategies Inc. bought a new position in shares of Vanguard Russell 1000 Growth ETF during the 1st quarter valued at about $26,000. Mather Group LLC. bought a new position in shares of Vanguard Russell 1000 Growth ETF in the second quarter valued at $35,000. Stuart Chaussee & Associates Inc. bought a new stake in shares of Vanguard Russell 1000 Growth ETF during the 1st quarter worth $35,000. YHB Investment Advisors Inc. acquired a new position in shares of Vanguard Russell 1000 Growth ETF in the 1st quarter worth $35,000. Finally, Adirondack Trust Co. acquired a new stake in shares of Vanguard Russell 1000 Growth ETF during the second quarter worth $43,000.

Vanguard Russell 1000 Growth ETF Stock Performance

Shares of NASDAQ:VONG traded up $1.11 during midday trading on Monday, reaching $94.70. The company had a trading volume of 608,525 shares, compared to its average volume of 842,390. The firm has a market cap of $21.18 billion, a price-to-earnings ratio of 36.74 and a beta of 1.08. Vanguard Russell 1000 Growth ETF has a 1-year low of $65.85 and a 1-year high of $98.46. The company has a fifty day simple moving average of $93.03 and a two-hundred day simple moving average of $88.31.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Thursday, June 27th were paid a dividend of $0.141 per share. This represents a $0.56 annualized dividend and a yield of 0.60%. The ex-dividend date was Thursday, June 27th.

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.