Vanguard Russell 2000 Growth ETF (NASDAQ:VTWG) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Vanguard Russell 2000 Growth ETF (NASDAQ:VTWG) saw an uptick in trading volume on Friday. 60,104 shares traded hands during trading, an increase of 164% from the average daily volume of 22,777 shares. The stock last traded at $249.7890 and had previously closed at $246.00.

Vanguard Russell 2000 Growth ETF Price Performance

The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 20.82 and a beta of 1.23. The business’s 50-day moving average price is $262.33 and its two-hundred day moving average price is $261.83.

Institutional Investors Weigh In On Vanguard Russell 2000 Growth ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp raised its holdings in shares of Vanguard Russell 2000 Growth ETF by 6.3% during the 3rd quarter. Fifth Third Bancorp now owns 11,110 shares of the company’s stock worth $2,895,000 after buying an additional 654 shares in the last quarter. Advisor Resource Council boosted its stake in Vanguard Russell 2000 Growth ETF by 246.8% in the third quarter. Advisor Resource Council now owns 3,978 shares of the company’s stock valued at $1,056,000 after buying an additional 2,831 shares in the last quarter. AMG National Trust Bank acquired a new stake in Vanguard Russell 2000 Growth ETF in the third quarter valued at about $19,626,000. Cornerstone Wealth Management LLC boosted its stake in Vanguard Russell 2000 Growth ETF by 2.9% in the third quarter. Cornerstone Wealth Management LLC now owns 2,438 shares of the company’s stock valued at $635,000 after buying an additional 69 shares in the last quarter. Finally, Avantax Planning Partners Inc. bought a new position in Vanguard Russell 2000 Growth ETF in the third quarter valued at about $554,000.

About Vanguard Russell 2000 Growth ETF

The Vanguard Russell 2000 Growth ETF (VTWG) is an exchange-traded fund that is based on the Russell 2000 Growth index. The fund tracks an index of US small-cap growth stocks. Holdings are selected and weighted based on EPS growth estimates and historical sales growth. VTWG was launched on Sep 20, 2010 and is managed by Vanguard.