Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Hits New 1-Year Low – Here’s Why

Shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) hit a new 52-week low during trading on Monday . The stock traded as low as $79.39 and last traded at $79.66, with a volume of 584671 shares traded. The stock had previously closed at $83.88.

Vanguard Russell 1000 Growth ETF Trading Down 1.6 %

The stock’s 50-day moving average price is $99.90 and its two-hundred day moving average price is $100.95. The stock has a market capitalization of $21.65 billion, a P/E ratio of 31.13 and a beta of 1.08.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were paid a $0.1366 dividend. The ex-dividend date was Tuesday, March 25th. This represents a $0.55 dividend on an annualized basis and a yield of 0.66%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in shares of Vanguard Russell 1000 Growth ETF by 11.3% during the third quarter. FMR LLC now owns 49,230 shares of the company’s stock worth $4,752,000 after purchasing an additional 4,988 shares in the last quarter. Stifel Financial Corp lifted its position in Vanguard Russell 1000 Growth ETF by 1.8% in the third quarter. Stifel Financial Corp now owns 163,824 shares of the company’s stock valued at $15,813,000 after purchasing an additional 2,859 shares during the last quarter. Jane Street Group LLC boosted its position in Vanguard Russell 1000 Growth ETF by 275.4% during the 3rd quarter. Jane Street Group LLC now owns 10,128 shares of the company’s stock valued at $978,000 after buying an additional 7,430 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of Vanguard Russell 1000 Growth ETF during the third quarter worth about $266,000. Finally, Orion Portfolio Solutions LLC bought a new stake in shares of Vanguard Russell 1000 Growth ETF in the 3rd quarter worth approximately $1,123,000.

Vanguard Russell 1000 Growth ETF Company 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.