Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Reaches New 52-Week High – Still a Buy?

Vanguard Russell 1000 Growth ETF (NASDAQ:VONG)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $99.48 and last traded at $99.48, with a volume of 508 shares traded. The stock had previously closed at $98.61.

Vanguard Russell 1000 Growth ETF Stock Up 0.6 %

The business’s 50-day moving average price is $95.28 and its 200 day moving average price is $91.83. The company has a market capitalization of $23.12 billion, a P/E ratio of 36.74 and a beta of 1.08.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.139 dividend. This represents a $0.56 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Abound Wealth Management purchased a new position in Vanguard Russell 1000 Growth ETF during the second quarter worth about $27,000. Rothschild Investment LLC bought a new stake in shares of Vanguard Russell 1000 Growth ETF during the 2nd quarter valued at about $31,000. Eastern Bank purchased a new position in shares of Vanguard Russell 1000 Growth ETF during the third quarter worth about $35,000. Mather Group LLC. bought a new position in shares of Vanguard Russell 1000 Growth ETF in the second quarter worth approximately $35,000. Finally, Stuart Chaussee & Associates Inc. purchased a new stake in Vanguard Russell 1000 Growth ETF in the first quarter valued at approximately $35,000.

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.