Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Sees Unusually-High Trading Volume – Time to Buy?

Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) saw unusually-strong trading volume on Wednesday . Approximately 4,474,657 shares traded hands during mid-day trading, an increase of 392% from the previous session’s volume of 908,803 shares.The stock last traded at $95.15 and had previously closed at $93.45.

Vanguard Russell 1000 Growth ETF Trading Up 1.3 %

The stock’s 50 day moving average is $103.70 and its 200 day moving average is $100.81. The stock has a market capitalization of $22.97 billion, a price-to-earnings ratio of 36.54 and a beta of 1.08.

Vanguard Russell 1000 Growth ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, December 26th. Investors of record on Monday, December 23rd were paid a dividend of $0.1378 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of Vanguard Russell 1000 Growth ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in shares of Vanguard Russell 1000 Growth ETF in the fourth quarter valued at approximately $307,101,000. Janney Montgomery Scott LLC purchased a new stake in Vanguard Russell 1000 Growth ETF in the 4th quarter worth approximately $180,769,000. Castlekeep Investment Advisors LLC acquired a new position in Vanguard Russell 1000 Growth ETF in the 4th quarter valued at $130,686,000. Wealthfront Advisers LLC acquired a new stake in shares of Vanguard Russell 1000 Growth ETF during the fourth quarter worth $511,000. Finally, LPL Financial LLC boosted its holdings in shares of Vanguard Russell 1000 Growth ETF by 10.3% during the third quarter. LPL Financial LLC now owns 5,172,862 shares of the company’s stock worth $499,285,000 after purchasing an additional 481,895 shares during the last quarter.

Vanguard Russell 1000 Growth ETF Company 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.