Arax Advisory Partners Purchases New Stake in Vanguard Russell 1000 Growth ETF $VONG

Arax Advisory Partners bought a new position in shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) in the 4th quarter, HoldingsChannel.com reports. The fund bought 157,288 shares of the company’s stock, valued at approximately $19,150,000.

Other institutional investors have also recently bought and sold shares of the company. Investment Research & Advisory Group Inc. acquired a new position in Vanguard Russell 1000 Growth ETF during the fourth quarter worth about $25,000. Triumph Capital Management raised its stake in Vanguard Russell 1000 Growth ETF by 208.6% during the fourth quarter. Triumph Capital Management now owns 216 shares of the company’s stock worth $26,000 after acquiring an additional 146 shares in the last quarter. Founders Financial Alliance LLC acquired a new position in Vanguard Russell 1000 Growth ETF during the third quarter worth about $32,000. Quadrant Capital Group LLC acquired a new position in Vanguard Russell 1000 Growth ETF during the fourth quarter worth about $32,000. Finally, West Paces Advisors Inc. acquired a new position in Vanguard Russell 1000 Growth ETF during the fourth quarter worth about $42,000.

Vanguard Russell 1000 Growth ETF Trading Up 0.1%

Shares of NASDAQ VONG opened at $125.20 on Friday. The company has a market cap of $42.70 billion, a price-to-earnings ratio of 33.25 and a beta of 1.16. Vanguard Russell 1000 Growth ETF has a 12 month low of $103.39 and a 12 month high of $132.94. The stock has a 50-day moving average price of $123.99 and a two-hundred day moving average price of $120.41.

Vanguard Russell 1000 Growth ETF Increases Dividend

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

Vanguard Russell 1000 Growth ETF 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.