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

Shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $128.00 and last traded at $127.98, with a volume of 2185335 shares traded. The stock had previously closed at $126.92.

Vanguard Russell 1000 Growth ETF Stock Up 1.0%

The company has a market cap of $43.73 billion, a PE ratio of 33.25 and a beta of 1.16. The stock has a 50-day moving average of $116.80 and a 200-day moving average of $119.42.

Vanguard Russell 1000 Growth ETF Increases Dividend

The company 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 a boost 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 0.4%. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in Vanguard Russell 1000 Growth ETF by 51.7% in the fourth quarter. Bank of America Corp DE now owns 51,255,902 shares of the company’s stock valued at $6,240,406,000 after acquiring an additional 17,473,802 shares during the last quarter. LPL Financial LLC increased its stake in Vanguard Russell 1000 Growth ETF by 6.4% in the fourth quarter. LPL Financial LLC now owns 8,174,197 shares of the company’s stock valued at $995,208,000 after acquiring an additional 494,747 shares during the last quarter. Wells Fargo & Company MN increased its stake in Vanguard Russell 1000 Growth ETF by 6.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,229,899 shares of the company’s stock valued at $514,990,000 after acquiring an additional 245,413 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Vanguard Russell 1000 Growth ETF by 8.6% in the third quarter. Ameriprise Financial Inc. now owns 4,031,762 shares of the company’s stock valued at $485,265,000 after acquiring an additional 320,907 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of Vanguard Russell 1000 Growth ETF by 0.8% during the third quarter. UBS Group AG now owns 3,994,158 shares of the company’s stock valued at $481,296,000 after buying an additional 29,877 shares during the last quarter.

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.