Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Hits New 12-Month High – Still a Buy?

Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) hit a new 52-week high during trading on Monday . The stock traded as high as $107.37 and last traded at $107.23, with a volume of 240504 shares trading hands. The stock had previously closed at $106.55.

Vanguard Russell 1000 Growth ETF Trading Up 1.2 %

The stock has a 50-day moving average of $100.78 and a two-hundred day moving average of $95.85. The firm has a market cap of $25.13 billion, a price-to-earnings ratio of 36.74 and a beta of 1.08.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.139 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Investors Weigh In On Vanguard Russell 1000 Growth ETF

A number of large investors have recently made changes to their positions in the company. Abound Wealth Management purchased a new position in Vanguard Russell 1000 Growth ETF during the 2nd quarter worth approximately $27,000. Rothschild Investment LLC purchased a new position in shares of Vanguard Russell 1000 Growth ETF during the second quarter valued at $31,000. Eastern Bank acquired a new position in Vanguard Russell 1000 Growth ETF during the third quarter valued at $35,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Vanguard Russell 1000 Growth ETF in the second quarter worth approximately $46,000. Finally, Coastline Trust Co acquired a new stake in shares of Vanguard Russell 1000 Growth ETF during the third quarter worth approximately $46,000.

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.