Summit Financial Strategies Inc. Increases Stock Position in Vanguard Russell 1000 Growth ETF $VONG

Summit Financial Strategies Inc. raised its stake in shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 227.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 248,740 shares of the company’s stock after purchasing an additional 172,713 shares during the period. Vanguard Russell 1000 Growth ETF accounts for approximately 2.2% of Summit Financial Strategies Inc.’s holdings, making the stock its 15th biggest position. Summit Financial Strategies Inc. owned 0.07% of Vanguard Russell 1000 Growth ETF worth $27,284,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in VONG. Apella Capital LLC boosted its position in shares of Vanguard Russell 1000 Growth ETF by 18.8% during the 4th quarter. Apella Capital LLC now owns 273,676 shares of the company’s stock valued at $33,320,000 after acquiring an additional 43,231 shares during the last quarter. City Holding Co. purchased a new position in shares of Vanguard Russell 1000 Growth ETF in the fourth quarter valued at $1,206,000. Concurrent Investment Advisors LLC increased its position in Vanguard Russell 1000 Growth ETF by 100.7% in the fourth quarter. Concurrent Investment Advisors LLC now owns 21,372 shares of the company’s stock worth $2,602,000 after purchasing an additional 10,723 shares during the last quarter. Bare Financial Services Inc raised its stake in Vanguard Russell 1000 Growth ETF by 7.9% during the fourth quarter. Bare Financial Services Inc now owns 91,866 shares of the company’s stock valued at $11,185,000 after purchasing an additional 6,698 shares in the last quarter. Finally, Winthrop Advisory Group LLC raised its stake in Vanguard Russell 1000 Growth ETF by 386.5% during the fourth quarter. Winthrop Advisory Group LLC now owns 61,791 shares of the company’s stock valued at $7,523,000 after purchasing an additional 49,091 shares in the last quarter.

Vanguard Russell 1000 Growth ETF Stock Performance

VONG stock traded up $0.64 during trading on Friday, hitting $127.57. 735,688 shares of the company’s stock traded hands, compared to its average volume of 2,496,531. Vanguard Russell 1000 Growth ETF has a 52 week low of $105.22 and a 52 week high of $132.94. The business has a fifty day simple moving average of $126.88 and a 200 day simple moving average of $120.91. The stock has a market capitalization of $44.80 billion, a price-to-earnings ratio of 33.25 and a beta of 1.16.

Vanguard Russell 1000 Growth ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 18th were given a dividend of $0.1592 per share. The ex-dividend date was Thursday, June 18th. This represents a $0.64 annualized dividend and a dividend yield of 0.5%. This is a positive change from Vanguard Russell 1000 Growth ETF’s previous quarterly dividend of $0.14.

Vanguard Russell 1000 Growth ETF 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.