Founders Financial Securities LLC Invests $986,000 in Vanguard Russell 1000 Growth ETF $VONG

Founders Financial Securities LLC acquired a new position in shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,097 shares of the company’s stock, valued at approximately $986,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in VONG. Valpey Financial Services LLC boosted its position in shares of Vanguard Russell 1000 Growth ETF by 11,768.8% during the 4th quarter. Valpey Financial Services LLC now owns 1,737,121 shares of the company’s stock worth $211,494,000 after purchasing an additional 1,722,485 shares in the last quarter. Quent Long Short Global Small Cap Fund LP bought a new position in Vanguard Russell 1000 Growth ETF in the 4th quarter valued at about $128,233,000. Raymond James Financial Inc. lifted its position in Vanguard Russell 1000 Growth ETF by 16.8% in the 2nd quarter. Raymond James Financial Inc. now owns 3,705,989 shares of the company’s stock valued at $404,694,000 after acquiring an additional 534,216 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Vanguard Russell 1000 Growth ETF by 11.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,545,177 shares of the company’s stock valued at $431,625,000 after acquiring an additional 364,951 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in Vanguard Russell 1000 Growth ETF by 150.2% in the 2nd quarter. Captrust Financial Advisors now owns 583,763 shares of the company’s stock valued at $63,747,000 after acquiring an additional 350,429 shares in the last quarter.

Vanguard Russell 1000 Growth ETF Stock Performance

Shares of NASDAQ VONG opened at $132.52 on Tuesday. Vanguard Russell 1000 Growth ETF has a fifty-two week low of $102.10 and a fifty-two week high of $132.94. The stock has a market cap of $45.20 billion, a price-to-earnings ratio of 33.25 and a beta of 1.16. The firm’s 50-day simple moving average is $120.78 and its 200 day simple moving average is $119.94.

Vanguard Russell 1000 Growth ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Tuesday, March 24th were given a $0.1418 dividend. This represents a $0.57 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, March 24th. This is a positive change from Vanguard Russell 1000 Growth ETF’s previous quarterly dividend of $0.14.

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.