Frederick Financial Consultants LLC Takes $5.24 Million Position in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG)

Frederick Financial Consultants LLC acquired a new position in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 50,756 shares of the company’s stock, valued at approximately $5,243,000. Vanguard Russell 1000 Growth ETF accounts for about 4.2% of Frederick Financial Consultants LLC’s portfolio, making the stock its 8th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VONG. Legacy Investment Solutions LLC purchased a new stake in shares of Vanguard Russell 1000 Growth ETF during the fourth quarter valued at about $42,000. Sound Income Strategies LLC boosted its stake in Vanguard Russell 1000 Growth ETF by 3,291.7% in the fourth 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. Investment Counsel Co. of Nevada acquired a new stake in Vanguard Russell 1000 Growth ETF in the fourth quarter valued at approximately $51,000. Eagle Bay Advisors LLC increased its position in shares of Vanguard Russell 1000 Growth ETF by 140.7% during the fourth quarter. Eagle Bay Advisors LLC now owns 568 shares of the company’s stock worth $59,000 after purchasing an additional 332 shares in the last quarter. Finally, Providence First Trust Co purchased a new stake in shares of Vanguard Russell 1000 Growth ETF during the 4th quarter valued at $62,000.

Vanguard Russell 1000 Growth ETF Price Performance

Shares of VONG stock opened at $87.90 on Friday. The stock’s fifty day moving average price is $96.09 and its 200 day moving average price is $100.23. Vanguard Russell 1000 Growth ETF has a 1-year low of $79.40 and a 1-year high of $107.97. The company has a market cap of $23.07 billion, a price-to-earnings ratio of 31.13 and a beta of 1.08.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were given a $0.1366 dividend. This represents a $0.55 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Tuesday, March 25th.

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.