Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Reaches New 12-Month High – Time to Buy?

Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) hit a new 52-week high on Wednesday . The company traded as high as $103.10 and last traded at $103.01, with a volume of 385677 shares changing hands. The stock had previously closed at $102.62.

Vanguard Russell 1000 Growth ETF Price Performance

The business’s fifty day simple moving average is $96.89 and its 200 day simple moving average is $93.28. The stock has a market cap of $23.75 billion, a price-to-earnings ratio of 36.74 and a beta of 1.08.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.139 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.56 dividend on an annualized basis and a yield of 0.55%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Abound Wealth Management acquired a new position in Vanguard Russell 1000 Growth ETF during the 2nd quarter worth $27,000. Rothschild Investment LLC bought a new position in Vanguard Russell 1000 Growth ETF in the 2nd quarter valued at about $31,000. Eastern Bank acquired a new position in Vanguard Russell 1000 Growth ETF during the 3rd quarter valued at about $35,000. Mather Group LLC. acquired a new stake in shares of Vanguard Russell 1000 Growth ETF in the 2nd quarter worth approximately $35,000. Finally, Adirondack Trust Co. bought a new stake in Vanguard Russell 1000 Growth ETF during the second quarter worth approximately $43,000.

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.