Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Sets New 52-Week High – Still a Buy?

Shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $116.50 and last traded at $116.54, with a volume of 1880 shares changing hands. The stock had previously closed at $115.75.

Vanguard Russell 1000 Growth ETF Stock Down 0.1%

The firm has a 50-day simple moving average of $112.87 and a 200-day simple moving average of $103.00. The stock has a market cap of $30.98 billion, a PE ratio of 33.25 and a beta of 1.08.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Friday, June 20th were paid a $0.134 dividend. The ex-dividend date was Friday, June 20th. This represents a $0.54 annualized dividend and a yield of 0.5%.

Institutional Investors Weigh In On Vanguard Russell 1000 Growth ETF

A number of institutional investors and hedge funds have recently modified their holdings of VONG. Armstrong Advisory Group Inc. increased its holdings in Vanguard Russell 1000 Growth ETF by 9.0% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 1,307 shares of the company’s stock worth $143,000 after acquiring an additional 108 shares during the period. Prosperity Consulting Group LLC increased its holdings in shares of Vanguard Russell 1000 Growth ETF by 0.4% in the first quarter. Prosperity Consulting Group LLC now owns 40,859 shares of the company’s stock worth $3,791,000 after purchasing an additional 144 shares during the period. CRA Financial Services LLC raised its position in shares of Vanguard Russell 1000 Growth ETF by 3.7% in the second quarter. CRA Financial Services LLC now owns 4,240 shares of the company’s stock worth $463,000 after buying an additional 150 shares in the last quarter. MGO One Seven LLC boosted its stake in Vanguard Russell 1000 Growth ETF by 5.2% during the second quarter. MGO One Seven LLC now owns 3,093 shares of the company’s stock valued at $338,000 after buying an additional 153 shares during the period. Finally, Choreo LLC grew its position in Vanguard Russell 1000 Growth ETF by 1.0% during the second quarter. Choreo LLC now owns 15,046 shares of the company’s stock worth $1,643,000 after buying an additional 154 shares in the last quarter.

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.