Diversify Wealth Management LLC Takes Position in Vanguard Russell 1000 Growth ETF $VONG

Diversify Wealth Management LLC purchased a new position in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 22,001 shares of the company’s stock, valued at approximately $2,413,000.

Several other institutional investors have also recently added to or reduced their stakes in VONG. Bank of America Corp DE boosted its stake in Vanguard Russell 1000 Growth ETF by 51.7% during the 4th quarter. Bank of America Corp DE now owns 51,255,902 shares of the company’s stock valued at $6,240,406,000 after acquiring an additional 17,473,802 shares during the last quarter. LPL Financial LLC increased its position in shares of Vanguard Russell 1000 Growth ETF by 6.4% in the 4th quarter. LPL Financial LLC now owns 8,174,197 shares of the company’s stock worth $995,208,000 after purchasing an additional 494,747 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Vanguard Russell 1000 Growth ETF by 6.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,229,899 shares of the company’s stock worth $514,990,000 after purchasing an additional 245,413 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Vanguard Russell 1000 Growth ETF by 8.6% in the 3rd 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. Finally, Raymond James Financial Inc. raised its stake in shares of 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 purchasing an additional 534,216 shares in the last quarter.

Vanguard Russell 1000 Growth ETF Stock Performance

Shares of VONG stock opened at $125.17 on Tuesday. The stock has a market capitalization of $43.95 billion, a price-to-earnings ratio of 33.25 and a beta of 1.16. Vanguard Russell 1000 Growth ETF has a one year low of $105.22 and a one year high of $132.94. The company’s 50-day simple moving average is $126.93 and its 200-day simple moving average is $120.91.

Vanguard Russell 1000 Growth ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 18th were issued a dividend of $0.1592 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.64 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.

Vanguard Russell 1000 Growth ETF 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.