Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Shares Sold by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. cut its position in shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 2.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 516,707 shares of the company’s stock after selling 12,233 shares during the quarter. Vanguard Russell 1000 Growth ETF makes up 3.7% of Valley Wealth Managers Inc.’s investment portfolio, making the stock its largest position. Valley Wealth Managers Inc. owned about 0.22% of Vanguard Russell 1000 Growth ETF worth $49,873,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Liberty Wealth Management LLC grew its stake in shares of Vanguard Russell 1000 Growth ETF by 5,886.5% during the second quarter. Liberty Wealth Management LLC now owns 412,173 shares of the company’s stock valued at $38,666,000 after acquiring an additional 405,288 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Vanguard Russell 1000 Growth ETF by 291.0% during the 1st quarter. Cetera Investment Advisers now owns 481,296 shares of the company’s stock worth $41,714,000 after buying an additional 358,214 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Vanguard Russell 1000 Growth ETF by 18.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,704,787 shares of the company’s stock worth $159,926,000 after purchasing an additional 264,005 shares during the period. Pacific Life Fund Advisors LLC bought a new position in Vanguard Russell 1000 Growth ETF during the second quarter valued at about $23,994,000. Finally, Edge Capital Group LLC boosted its position in shares of Vanguard Russell 1000 Growth ETF by 97.9% during the 2nd quarter. Edge Capital Group LLC now owns 444,221 shares of the company’s stock valued at $41,672,000 after purchasing an additional 219,736 shares in the last quarter.

Vanguard Russell 1000 Growth ETF Price Performance

NASDAQ VONG traded down $1.30 on Friday, hitting $100.60. 74,813 shares of the company were exchanged, compared to its average volume of 808,409. Vanguard Russell 1000 Growth ETF has a twelve month low of $73.71 and a twelve month high of $103.15. The company’s 50 day moving average price is $96.89 and its 200-day moving average price is $93.28. The firm has a market capitalization of $23.44 billion, a P/E ratio of 36.74 and a beta of 1.08.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.139 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.56 dividend on an annualized basis and a yield of 0.55%.

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.