Summit Financial Strategies Inc. Buys 62,017 Shares of Vanguard Russell 1000 Growth ETF $VONG

Summit Financial Strategies Inc. grew its stake in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 24.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 310,757 shares of the company’s stock after buying an additional 62,017 shares during the period. Vanguard Russell 1000 Growth ETF makes up 2.8% of Summit Financial Strategies Inc.’s investment portfolio, making the stock its 13th biggest position. Summit Financial Strategies Inc.’s holdings in Vanguard Russell 1000 Growth ETF were worth $39,718,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. NorthRock Partners LLC boosted its holdings in Vanguard Russell 1000 Growth ETF by 15.4% in the second quarter. NorthRock Partners LLC now owns 3,082 shares of the company’s stock valued at $394,000 after acquiring an additional 411 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in Vanguard Russell 1000 Growth ETF by 3.5% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 69,948 shares of the company’s stock worth $8,940,000 after purchasing an additional 2,353 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Vanguard Russell 1000 Growth ETF by 33.3% in the 2nd quarter. NewEdge Advisors LLC now owns 440,091 shares of the company’s stock worth $56,248,000 after purchasing an additional 109,904 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Vanguard Russell 1000 Growth ETF in the 2nd quarter worth approximately $200,000. Finally, Baird Financial Group Inc. increased its position in shares of Vanguard Russell 1000 Growth ETF by 1.2% during the second quarter. Baird Financial Group Inc. now owns 161,453 shares of the company’s stock worth $20,635,000 after buying an additional 1,964 shares during the period.

Vanguard Russell 1000 Growth ETF Stock Down 0.3%

VONG stock opened at $126.64 on Wednesday. The firm has a market cap of $44.47 billion, a price-to-earnings ratio of 33.25 and a beta of 1.16. The company’s fifty day simple moving average is $125.49 and its 200 day simple moving average is $122.44. Vanguard Russell 1000 Growth ETF has a 12-month low of $105.22 and a 12-month high of $132.94.

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.