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

Vanguard Russell 1000 Growth ETF (NASDAQ:VONG – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as $132.94 and last traded at $132.9290, with a volume of 1752 shares. The stock had previously closed at $132.15.

Vanguard Russell 1000 Growth ETF Stock Performance

The business has a 50-day moving average of $127.28 and a 200-day moving average of $124.36. The stock has a market capitalization of $48.18 billion, a price-to-earnings ratio of 33.25 and a beta of 1.16.

Institutional Investors Weigh In On Vanguard Russell 1000 Growth ETF

Several hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in shares of Vanguard Russell 1000 Growth ETF by 48.5% in the first quarter. Bank of America Corp DE now owns 76,119,779 shares of the company’s stock valued at $8,349,579,000 after purchasing an additional 24,863,877 shares during the period. Envestnet Asset Management Inc. raised its position in Vanguard Russell 1000 Growth ETF by 6.8% during the second quarter. Envestnet Asset Management Inc. now owns 5,410,693 shares of the company’s stock worth $691,520,000 after acquiring an additional 343,780 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Vanguard Russell 1000 Growth ETF by 13.9% during the first quarter. Janney Montgomery Scott LLC now owns 1,803,853 shares of the company’s stock worth $197,865,000 after acquiring an additional 220,766 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Vanguard Russell 1000 Growth ETF by 17.7% in the first quarter. Royal Bank of Canada now owns 1,288,656 shares of the company’s stock valued at $141,352,000 after purchasing an additional 193,959 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in Vanguard Russell 1000 Growth ETF by 111.7% in the 1st quarter. Fifth Third Bancorp now owns 1,247,760 shares of the company’s stock valued at $136,867,000 after buying an additional 658,343 shares in the last quarter.

Vanguard Russell 1000 Growth ETF Company Profile

(Get Free Report)

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.

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