Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Reaches New 12-Month High – What’s Next?

Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) shares reached a new 52-week high on Tuesday . The stock traded as high as $129.84 and last traded at $129.75, with a volume of 335805 shares traded. The stock had previously closed at $128.62.

Vanguard Russell 1000 Growth ETF Price Performance

The firm has a market capitalization of $44.64 billion, a P/E ratio of 33.25 and a beta of 1.16. The company’s 50-day simple moving average is $119.99 and its two-hundred day simple moving average is $119.83.

Vanguard Russell 1000 Growth ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 24th were given a $0.1418 dividend. The ex-dividend date was Tuesday, March 24th. This is a boost from Vanguard Russell 1000 Growth ETF’s previous quarterly dividend of $0.14. This represents a $0.57 annualized dividend and a yield of 0.4%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VONG. Amundi bought a new position in Vanguard Russell 1000 Growth ETF in the first quarter worth approximately $488,000. AQR Capital Management LLC raised its position in shares of Vanguard Russell 1000 Growth ETF by 9.1% during the 1st quarter. AQR Capital Management LLC now owns 37,849 shares of the company’s stock valued at $3,512,000 after purchasing an additional 3,154 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Vanguard Russell 1000 Growth ETF by 17.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 473,073 shares of the company’s stock valued at $43,896,000 after purchasing an additional 69,346 shares during the period. Russell Investments Group Ltd. raised its position in shares of Vanguard Russell 1000 Growth ETF by 13.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,489 shares of the company’s stock valued at $272,000 after purchasing an additional 287 shares during the period. Finally, Invesco Ltd. bought a new stake in shares of Vanguard Russell 1000 Growth ETF during the 2nd quarter valued at $475,000.

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.