Spectrum Investment Advisors Inc. Has $2.60 Million Stake in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG)

Spectrum Investment Advisors Inc. boosted its position in shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 3.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,979 shares of the company’s stock after purchasing an additional 952 shares during the quarter. Vanguard Russell 1000 Growth ETF accounts for about 1.8% of Spectrum Investment Advisors Inc.’s investment portfolio, making the stock its 11th biggest holding. Spectrum Investment Advisors Inc.’s holdings in Vanguard Russell 1000 Growth ETF were worth $2,604,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Liberty Wealth Management LLC boosted its stake in shares of Vanguard Russell 1000 Growth ETF by 5,886.5% during the second quarter. Liberty Wealth Management LLC now owns 412,173 shares of the company’s stock valued at $38,666,000 after purchasing an additional 405,288 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Vanguard Russell 1000 Growth ETF by 291.0% during the 1st quarter. Cetera Investment Advisers now owns 481,296 shares of the company’s stock worth $41,714,000 after buying an additional 358,214 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Vanguard Russell 1000 Growth ETF by 18.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,704,787 shares of the company’s stock valued at $159,926,000 after buying an additional 264,005 shares during the period. Pacific Life Fund Advisors LLC bought a new stake in shares of Vanguard Russell 1000 Growth ETF in the 2nd quarter worth approximately $23,994,000. Finally, Edge Capital Group LLC raised its stake in shares of Vanguard Russell 1000 Growth ETF by 97.9% in the second quarter. Edge Capital Group LLC now owns 444,221 shares of the company’s stock valued at $41,672,000 after buying an additional 219,736 shares during the period.

Vanguard Russell 1000 Growth ETF Stock Performance

Shares of VONG opened at $99.76 on Friday. Vanguard Russell 1000 Growth ETF has a 52-week low of $73.71 and a 52-week high of $103.15. The stock has a market capitalization of $23.25 billion, a price-to-earnings ratio of 36.74 and a beta of 1.08. The stock’s 50-day simple moving average is $97.10 and its 200 day simple moving average is $93.34.

Vanguard Russell 1000 Growth ETF Cuts Dividend

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

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.