Seven Bridges Advisors LLC Purchases New Stake in Vanguard Russell 1000 Growth ETF $VONG

Seven Bridges Advisors LLC acquired a new position in shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) in the 3rd quarter, HoldingsChannel reports. The fund acquired 527,762 shares of the company’s stock, valued at approximately $68,044,000. Vanguard Russell 1000 Growth ETF makes up 37.6% of Seven Bridges Advisors LLC’s investment portfolio, making the stock its largest position.

A number of other hedge funds have also made changes to their positions in the business. Bank of America Corp DE increased its holdings in Vanguard Russell 1000 Growth ETF by 48.5% in the 1st 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 in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Vanguard Russell 1000 Growth ETF by 6.8% in the second quarter. Envestnet Asset Management Inc. now owns 5,410,693 shares of the company’s stock worth $691,520,000 after buying an additional 343,780 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Vanguard Russell 1000 Growth ETF by 13.9% in the first quarter. Janney Montgomery Scott LLC now owns 1,803,853 shares of the company’s stock valued at $197,865,000 after buying an additional 220,766 shares in the last quarter. Jabodon PT Co. purchased a new stake in shares of Vanguard Russell 1000 Growth ETF during the 4th quarter valued at about $177,692,000. Finally, Royal Bank of Canada lifted its position in Vanguard Russell 1000 Growth ETF by 17.7% during the 1st quarter. Royal Bank of Canada now owns 1,288,656 shares of the company’s stock worth $141,352,000 after acquiring an additional 193,959 shares in the last quarter.

Vanguard Russell 1000 Growth ETF Stock Down 0.4%

Shares of VONG traded down $0.51 during mid-day trading on Wednesday, reaching $132.49. 549,772 shares of the stock traded hands, compared to its average volume of 2,011,487. The stock has a fifty day simple moving average of $126.98 and a 200 day simple moving average of $124.22. Vanguard Russell 1000 Growth ETF has a 12-month low of $105.22 and a 12-month high of $133.63. The firm has a market cap of $48.14 billion, a price-to-earnings ratio of 33.25 and a beta of 1.16.

About Vanguard Russell 1000 Growth ETF

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.