Steele Capital Management Inc. Invests $20.04 Million in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG)

Steele Capital Management Inc. bought a new position in shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 256,830 shares of the company’s stock, valued at approximately $20,038,000. Vanguard Russell 1000 Growth ETF comprises approximately 1.3% of Steele Capital Management Inc.’s investment portfolio, making the stock its 19th biggest holding. Steele Capital Management Inc. owned 0.12% of Vanguard Russell 1000 Growth ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Blue Trust Inc. increased its stake in shares of Vanguard Russell 1000 Growth ETF by 1,990.0% during the fourth quarter. Blue Trust Inc. now owns 418 shares of the company’s stock valued at $33,000 after buying an additional 398 shares during the period. AlphaCore Capital LLC purchased a new position in shares of Vanguard Russell 1000 Growth ETF during the third quarter valued at $40,000. Eukles Asset Management purchased a new position in shares of Vanguard Russell 1000 Growth ETF during the third quarter valued at $41,000. Tompkins Financial Corp purchased a new position in Vanguard Russell 1000 Growth ETF in the fourth quarter valued at about $49,000. Finally, Valley National Advisers Inc. purchased a new position in Vanguard Russell 1000 Growth ETF in the fourth quarter valued at about $75,000.

Vanguard Russell 1000 Growth ETF Stock Performance

VONG traded up $0.17 on Monday, hitting $84.54. The company had a trading volume of 656,548 shares, compared to its average volume of 863,492. The stock has a fifty day moving average price of $85.22 and a 200-day moving average price of $79.31. Vanguard Russell 1000 Growth ETF has a 12-month low of $62.10 and a 12-month high of $87.75. The stock has a market capitalization of $18.79 billion, a price-to-earnings ratio of 37.21 and a beta of 1.08.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 22nd were paid a $0.155 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.62 annualized dividend and a yield of 0.73%.

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.