GEM Asset Management LLC Has $3.15 Million Stock Position in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG)

GEM Asset Management LLC raised its position in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 24.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,532 shares of the company’s stock after purchasing an additional 6,686 shares during the quarter. Vanguard Russell 1000 Growth ETF makes up approximately 2.0% of GEM Asset Management LLC’s holdings, making the stock its 16th biggest position. GEM Asset Management LLC’s holdings in Vanguard Russell 1000 Growth ETF were worth $3,146,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Citizens Financial Group Inc. RI lifted its stake in shares of Vanguard Russell 1000 Growth ETF by 3.2% in the 1st quarter. Citizens Financial Group Inc. RI now owns 4,023 shares of the company’s stock valued at $349,000 after purchasing an additional 123 shares during the last quarter. Financial Advocates Investment Management boosted its stake in shares of Vanguard Russell 1000 Growth ETF by 1.1% during the 2nd quarter. Financial Advocates Investment Management now owns 12,158 shares of the company’s stock worth $1,141,000 after acquiring an additional 127 shares in the last quarter. Scotia Capital Inc. boosted its stake in shares of Vanguard Russell 1000 Growth ETF by 5.0% during the 4th quarter. Scotia Capital Inc. now owns 3,148 shares of the company’s stock worth $246,000 after acquiring an additional 149 shares in the last quarter. Capital Planning LLC increased its holdings in shares of Vanguard Russell 1000 Growth ETF by 3.1% during the 1st quarter. Capital Planning LLC now owns 5,480 shares of the company’s stock valued at $475,000 after acquiring an additional 164 shares during the last quarter. Finally, LBJ Family Wealth Advisors Ltd. increased its holdings in shares of Vanguard Russell 1000 Growth ETF by 1.6% during the 1st quarter. LBJ Family Wealth Advisors Ltd. now owns 13,648 shares of the company’s stock valued at $1,183,000 after acquiring an additional 209 shares during the last quarter.

Vanguard Russell 1000 Growth ETF Stock Performance

VONG opened at $90.92 on Wednesday. The firm has a market cap of $20.34 billion, a P/E ratio of 36.74 and a beta of 1.08. The business has a 50 day moving average price of $92.76 and a 200 day moving average price of $89.42. Vanguard Russell 1000 Growth ETF has a twelve month low of $65.85 and a twelve month high of $98.46.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Thursday, June 27th were paid a $0.141 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Thursday, June 27th.

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.