Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Sees Strong Trading Volume – What’s Next?

Shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) saw unusually-high trading volume on Wednesday . Approximately 5,039,036 shares changed hands during trading, an increase of 443% from the previous session’s volume of 928,509 shares.The stock last traded at $103.75 and had previously closed at $101.76.

Vanguard Russell 1000 Growth ETF Price Performance

The business’s 50-day simple moving average is $103.89 and its two-hundred day simple moving average is $97.88. The stock has a market cap of $25.40 billion, a price-to-earnings ratio of 36.74 and a beta of 1.08.

Vanguard Russell 1000 Growth ETF Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC boosted its position in shares of Vanguard Russell 1000 Growth ETF by 10.3% during the 3rd 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 in the last quarter. Commonwealth Equity Services LLC raised its stake in Vanguard Russell 1000 Growth ETF by 0.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,054,868 shares of the company’s stock worth $198,336,000 after buying an additional 16,377 shares during the period. Janney Montgomery Scott LLC bought a new position in Vanguard Russell 1000 Growth ETF in the fourth quarter worth approximately $180,769,000. HighTower Advisors LLC grew its stake in Vanguard Russell 1000 Growth ETF by 1.0% in the third quarter. HighTower Advisors LLC now owns 1,442,212 shares of the company’s stock valued at $139,179,000 after acquiring an additional 13,670 shares during the period. Finally, Wealthquest Corp grew its stake in Vanguard Russell 1000 Growth ETF by 0.5% in the fourth quarter. Wealthquest Corp now owns 1,274,203 shares of the company’s stock valued at $131,625,000 after acquiring an additional 5,815 shares during the period.

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.