Royal Fund Management LLC Grows Stake in Vanguard Russell 1000 Growth ETF $VONG

Royal Fund Management LLC lifted its position in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 64.2% during the 4th quarter, HoldingsChannel reports. The firm owned 84,092 shares of the company’s stock after buying an additional 32,874 shares during the period. Vanguard Russell 1000 Growth ETF comprises about 0.9% of Royal Fund Management LLC’s investment portfolio, making the stock its 29th biggest position. Royal Fund Management LLC’s holdings in Vanguard Russell 1000 Growth ETF were worth $10,245,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in VONG. Bank of America Corp DE boosted its stake in Vanguard Russell 1000 Growth ETF by 1.7% during the second quarter. Bank of America Corp DE now owns 36,407,608 shares of the company’s stock valued at $3,975,711,000 after buying an additional 617,701 shares during the period. Ameriprise Financial Inc. grew its position in Vanguard Russell 1000 Growth ETF by 8.6% during the third quarter. Ameriprise Financial Inc. now owns 4,031,762 shares of the company’s stock worth $485,265,000 after buying an additional 320,907 shares in the last quarter. UBS Group AG increased its stake in Vanguard Russell 1000 Growth ETF by 0.8% in the 3rd quarter. UBS Group AG now owns 3,994,158 shares of the company’s stock worth $481,296,000 after acquiring an additional 29,877 shares during the last quarter. Raymond James Financial Inc. increased its stake in Vanguard Russell 1000 Growth ETF by 16.8% in the 2nd quarter. Raymond James Financial Inc. now owns 3,705,989 shares of the company’s stock worth $404,694,000 after acquiring an additional 534,216 shares during the last quarter. Finally, SageView Advisory Group LLC raised its holdings in shares of Vanguard Russell 1000 Growth ETF by 8.5% in the 2nd quarter. SageView Advisory Group LLC now owns 2,162,622 shares of the company’s stock valued at $245,652,000 after acquiring an additional 169,633 shares in the last quarter.

Vanguard Russell 1000 Growth ETF Trading Down 0.5%

Shares of VONG opened at $105.72 on Tuesday. The company has a market cap of $31.37 billion, a PE ratio of 33.25 and a beta of 1.12. The stock has a 50-day moving average price of $115.83 and a 200-day moving average price of $119.59. Vanguard Russell 1000 Growth ETF has a 12-month low of $79.39 and a 12-month high of $126.83.

Vanguard Russell 1000 Growth ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Tuesday, March 24th were paid a $0.1418 dividend. This is an increase from Vanguard Russell 1000 Growth ETF’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, March 24th.

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.