Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Sees Strong Trading Volume – Should You Buy?

by · The Cerbat Gem

Vanguard Russell 1000 Growth ETF (NASDAQ:VONG – Get Free Report) shares saw strong trading volume on Monday . 2,949,875 shares changed hands during mid-day trading, an increase of 189% from the previous session’s volume of 1,022,419 shares.The stock last traded at $84.82 and had previously closed at $87.90.

Vanguard Russell 1000 Growth ETF Price Performance

The company’s 50 day simple moving average is $95.73 and its two-hundred day simple moving average is $100.25. The stock has a market capitalization of $22.29 billion, a P/E ratio of 29.81 and a beta of 1.08.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were given a $0.1366 dividend. The ex-dividend date was Tuesday, March 25th. This represents a $0.55 annualized dividend and a yield of 0.64%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VONG. Sound Income Strategies LLC increased its position in Vanguard Russell 1000 Growth ETF by 3,291.7% in the 4th quarter. Sound Income Strategies LLC now owns 407 shares of the company’s stock valued at $42,000 after acquiring an additional 395 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of Vanguard Russell 1000 Growth ETF during the fourth quarter valued at approximately $42,000. Copia Wealth Management increased its holdings in shares of Vanguard Russell 1000 Growth ETF by 3,212.5% in the first quarter. Copia Wealth Management now owns 530 shares of the company’s stock valued at $49,000 after purchasing an additional 514 shares in the last quarter. Investment Counsel Co. of Nevada bought a new position in Vanguard Russell 1000 Growth ETF in the 4th quarter worth approximately $51,000. Finally, Eagle Bay Advisors LLC raised its position in Vanguard Russell 1000 Growth ETF by 140.7% in the 4th quarter. Eagle Bay Advisors LLC now owns 568 shares of the company’s stock worth $59,000 after purchasing an additional 332 shares during the last quarter.

About Vanguard Russell 1000 Growth ETF

(Get Free Report)

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.

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