Royal Fund Management LLC Acquires 86,044 Shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG)

Royal Fund Management LLC increased its stake in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 108.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 165,618 shares of the company’s stock after purchasing an additional 86,044 shares during the quarter. Vanguard Russell 1000 Growth ETF comprises 1.0% of Royal Fund Management LLC’s investment portfolio, making the stock its 17th largest holding. Royal Fund Management LLC’s holdings in Vanguard Russell 1000 Growth ETF were worth $16,041,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Abound Wealth Management acquired a new position in Vanguard Russell 1000 Growth ETF during the 2nd quarter worth approximately $27,000. Deane Retirement Strategies Inc. bought a new stake in shares of Vanguard Russell 1000 Growth ETF during the first quarter valued at approximately $26,000. Rothschild Investment LLC acquired a new position in shares of Vanguard Russell 1000 Growth ETF during the second quarter worth approximately $31,000. Mather Group LLC. bought a new position in shares of Vanguard Russell 1000 Growth ETF in the 2nd quarter worth $35,000. Finally, Stuart Chaussee & Associates Inc. bought a new position in shares of Vanguard Russell 1000 Growth ETF in the 1st quarter worth $35,000.

Vanguard Russell 1000 Growth ETF Stock Down 0.2 %

VONG stock traded down $0.17 during midday trading on Wednesday, reaching $96.78. 53,165 shares of the company’s stock traded hands, compared to its average volume of 825,577. The firm’s fifty day moving average price is $93.06 and its 200-day moving average price is $90.79. Vanguard Russell 1000 Growth ETF has a 52 week low of $65.85 and a 52 week high of $98.46. The company has a market cap of $22.55 billion, a price-to-earnings ratio of 36.74 and a beta of 1.08.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.139 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Thursday, September 26th.

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.