Arax Advisory Partners Invests $19.15 Million in Vanguard Russell 1000 Growth ETF $VONG

Arax Advisory Partners bought a new position in shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 157,288 shares of the company’s stock, valued at approximately $19,150,000. Arax Advisory Partners owned approximately 0.05% of Vanguard Russell 1000 Growth ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. LPL Financial LLC raised its stake in Vanguard Russell 1000 Growth ETF by 6.4% in the fourth quarter. LPL Financial LLC now owns 8,174,197 shares of the company’s stock valued at $995,208,000 after purchasing an additional 494,747 shares in the last quarter. Wells Fargo & Company MN raised its stake in Vanguard Russell 1000 Growth ETF by 6.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,229,899 shares of the company’s stock valued at $514,990,000 after purchasing an additional 245,413 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Vanguard Russell 1000 Growth ETF by 8.6% in the third quarter. Ameriprise Financial Inc. now owns 4,031,762 shares of the company’s stock valued at $485,265,000 after purchasing an additional 320,907 shares in the last quarter. UBS Group AG raised its stake in Vanguard Russell 1000 Growth ETF by 0.8% in the third quarter. UBS Group AG now owns 3,994,158 shares of the company’s stock valued at $481,296,000 after purchasing an additional 29,877 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in Vanguard Russell 1000 Growth ETF by 16.8% in the second quarter. Raymond James Financial Inc. now owns 3,705,989 shares of the company’s stock valued at $404,694,000 after purchasing an additional 534,216 shares in the last quarter.

Vanguard Russell 1000 Growth ETF Stock Up 0.1%

VONG stock opened at $125.20 on Friday. The company has a market cap of $42.70 billion, a PE ratio of 33.25 and a beta of 1.16. The business has a 50-day simple moving average of $123.99 and a 200 day simple moving average of $120.41. Vanguard Russell 1000 Growth ETF has a 52 week low of $103.39 and a 52 week high of $132.94.

Vanguard Russell 1000 Growth ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Tuesday, March 24th were paid a $0.1418 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 0.5%. This is a boost from Vanguard Russell 1000 Growth ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Tuesday, March 24th.

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.