Vanguard Russell 1000 Growth ETF $VONG Stock: Summit Financial Strategies Inc. Boosts Stake

Summit Financial Strategies Inc. increased its position in shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 20.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 374,671 shares of the company’s stock after buying an additional 63,914 shares during the quarter. Vanguard Russell 1000 Growth ETF accounts for about 3.4% of Summit Financial Strategies Inc.’s portfolio, making the stock its 11th biggest holding. Summit Financial Strategies Inc.’s holdings in Vanguard Russell 1000 Growth ETF were worth $48,306,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Harbor Investment Advisory LLC lifted its stake in Vanguard Russell 1000 Growth ETF by 334.4% in the 1st quarter. Harbor Investment Advisory LLC now owns 278 shares of the company’s stock valued at $30,000 after acquiring an additional 214 shares in the last quarter. Strive Financial Group LLC acquired a new position in Vanguard Russell 1000 Growth ETF during the 2nd quarter worth approximately $30,000. Ballast Advisors LLC acquired a new position in Vanguard Russell 1000 Growth ETF during the 1st quarter worth approximately $42,000. Measured Wealth Private Client Group LLC grew its stake in shares of Vanguard Russell 1000 Growth ETF by 187.5% during the 1st quarter. Measured Wealth Private Client Group LLC now owns 460 shares of the company’s stock worth $50,000 after acquiring an additional 300 shares in the last quarter. Finally, Tompkins Financial Corp bought a new position in shares of Vanguard Russell 1000 Growth ETF during the 3rd quarter worth approximately $70,000.

Vanguard Russell 1000 Growth ETF Stock Down 2.2%

NASDAQ VONG opened at $127.91 on Thursday. Vanguard Russell 1000 Growth ETF has a 12-month low of $105.22 and a 12-month high of $133.63. The company has a market capitalization of $46.71 billion, a PE ratio of 33.25 and a beta of 1.16. The firm’s 50 day moving average is $127.87 and its 200-day moving average is $125.06.

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.