Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Sets New 12-Month High – Here’s What Happened

Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) hit a new 52-week high on Tuesday . The company traded as high as $99.24 and last traded at $99.24, with a volume of 311166 shares. The stock had previously closed at $98.89.

Vanguard Russell 1000 Growth ETF Stock Performance

The stock has a market cap of $22.85 billion, a P/E ratio of 36.74 and a beta of 1.08. The stock’s fifty day simple moving average is $95.09 and its 200-day simple moving average is $91.66.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.139 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VONG. Abound Wealth Management bought a new stake in Vanguard Russell 1000 Growth ETF in the second quarter worth approximately $27,000. Rothschild Investment LLC acquired a new position in shares of Vanguard Russell 1000 Growth ETF during the 2nd quarter valued at $31,000. Stuart Chaussee & Associates Inc. bought a new position in Vanguard Russell 1000 Growth ETF during the first quarter worth $35,000. Mather Group LLC. acquired a new stake in Vanguard Russell 1000 Growth ETF in the second quarter worth $35,000. Finally, Eastern Bank bought a new stake in Vanguard Russell 1000 Growth ETF in the third quarter valued at $35,000.

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.