Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) saw unusually-high trading volume on Tuesday . Approximately 5,309,290 shares changed hands during mid-day trading, an increase of 95% from the previous session’s volume of 2,716,773 shares.The stock last traded at $122.8910 and had previously closed at $122.81.

Vanguard Russell 1000 Growth ETF Stock Performance

The business’s fifty day moving average price is $121.93 and its two-hundred day moving average price is $118.33. The stock has a market capitalization of $36.33 billion, a P/E ratio of 33.25 and a beta of 1.12.

Hedge Funds Weigh In On Vanguard Russell 1000 Growth ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Advantage Trust Co purchased a new position in Vanguard Russell 1000 Growth ETF during the second quarter worth $29,000. WPG Advisers LLC purchased a new position in shares of Vanguard Russell 1000 Growth ETF during the 3rd quarter worth about $31,000. Founders Financial Alliance LLC bought a new position in Vanguard Russell 1000 Growth ETF during the 3rd quarter valued at about $32,000. ORG Wealth Partners LLC grew its holdings in Vanguard Russell 1000 Growth ETF by 1,671.4% during the 2nd quarter. ORG Wealth Partners LLC now owns 372 shares of the company’s stock valued at $40,000 after purchasing an additional 351 shares during the last quarter. Finally, Angeles Wealth Management LLC purchased a new stake in Vanguard Russell 1000 Growth ETF in the 2nd quarter worth about $42,000.

Vanguard Russell 1000 Growth ETF Company 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.