Sax Wealth Advisors LLC Purchases New Holdings in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG)

Sax Wealth Advisors LLC purchased a new stake in shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,579 shares of the company’s stock, valued at approximately $242,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VONG. Avantax Advisory Services Inc. grew its stake in shares of Vanguard Russell 1000 Growth ETF by 0.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 10,765,467 shares of the company’s stock valued at $933,043,000 after purchasing an additional 60,374 shares during the period. TIAA Trust National Association grew its stake in shares of Vanguard Russell 1000 Growth ETF by 4.3% in the 1st quarter. TIAA Trust National Association now owns 4,459,710 shares of the company’s stock valued at $386,523,000 after purchasing an additional 185,636 shares during the period. Wells Fargo & Company MN grew its stake in shares of Vanguard Russell 1000 Growth ETF by 5.1% in the 4th quarter. Wells Fargo & Company MN now owns 3,421,311 shares of the company’s stock valued at $266,931,000 after purchasing an additional 166,104 shares during the period. UBS Group AG grew its stake in shares of Vanguard Russell 1000 Growth ETF by 1.8% in the 4th quarter. UBS Group AG now owns 3,138,539 shares of the company’s stock valued at $244,869,000 after purchasing an additional 56,956 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in shares of Vanguard Russell 1000 Growth ETF by 4.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,873,462 shares of the company’s stock valued at $162,373,000 after purchasing an additional 75,507 shares during the period.

Vanguard Russell 1000 Growth ETF Stock Performance

Shares of VONG stock traded up $0.71 during trading hours on Friday, hitting $88.88. The company had a trading volume of 594,465 shares, compared to its average volume of 851,674. The firm has a market capitalization of $19.88 billion, a price-to-earnings ratio of 36.74 and a beta of 1.08. Vanguard Russell 1000 Growth ETF has a 12 month low of $65.85 and a 12 month high of $98.46. The firm’s fifty day moving average is $92.82 and its 200 day moving average is $87.84.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Thursday, June 27th were issued a $0.141 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Thursday, June 27th.

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.