Sunpointe LLC Acquires Shares of 14,013 Vanguard Russell 1000 Growth ETF (NASDAQ:VONG)

Sunpointe LLC bought a new position in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 14,013 shares of the company’s stock, valued at approximately $1,353,000. Vanguard Russell 1000 Growth ETF makes up about 1.1% of Sunpointe LLC’s investment portfolio, making the stock its 17th biggest holding.

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

Vanguard Russell 1000 Growth ETF Stock Down 0.6 %

VONG traded down $0.59 during mid-day trading on Wednesday, reaching $97.21. 63,399 shares of the company traded hands, compared to its average volume of 820,855. The stock has a market capitalization of $22.65 billion, a P/E ratio of 36.74 and a beta of 1.08. Vanguard Russell 1000 Growth ETF has a 52-week low of $65.85 and a 52-week high of $98.98. The company’s fifty day moving average price is $93.99 and its 200-day moving average price is $91.18.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.139 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Thursday, September 26th.

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.