Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Sees Large Volume Increase – Still a Buy?

Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) shares saw unusually-high trading volume on Thursday . Approximately 5,111,268 shares traded hands during mid-day trading, an increase of 488% from the previous session’s volume of 869,388 shares.The stock last traded at $97.23 and had previously closed at $99.84.

Vanguard Russell 1000 Growth ETF Stock Up 0.5 %

The business has a 50-day simple moving average of $104.11 and a 200-day simple moving average of $100.74. The company has a market cap of $23.65 billion, a PE ratio of 36.54 and a beta of 1.08.

Vanguard Russell 1000 Growth ETF Announces Dividend

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

Institutional Investors Weigh In On Vanguard Russell 1000 Growth ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Elite Financial Inc. purchased a new position in Vanguard Russell 1000 Growth ETF during the fourth quarter valued at $18,687,000. Wood Tarver Financial Group LLC acquired a new position in shares of Vanguard Russell 1000 Growth ETF during the 4th quarter worth about $117,000. Carolinas Wealth Consulting LLC lifted its stake in Vanguard Russell 1000 Growth ETF by 1.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 480,751 shares of the company’s stock valued at $49,662,000 after buying an additional 4,717 shares in the last quarter. Capital A Wealth Management LLC purchased a new position in Vanguard Russell 1000 Growth ETF in the 4th quarter valued at about $316,000. Finally, Shufro Rose & Co. LLC acquired a new stake in Vanguard Russell 1000 Growth ETF in the 4th quarter worth about $241,000.

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.