Concourse Financial Group Securities Inc. Buys 19,066 Shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG)

Concourse Financial Group Securities Inc. raised its stake in shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 907.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,168 shares of the company’s stock after buying an additional 19,066 shares during the quarter. Concourse Financial Group Securities Inc.’s holdings in Vanguard Russell 1000 Growth ETF were worth $1,652,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Pinnacle Wealth Management Advisory Group LLC purchased a new position in Vanguard Russell 1000 Growth ETF during the fourth quarter valued at approximately $269,000. Apollon Wealth Management LLC increased its holdings in shares of Vanguard Russell 1000 Growth ETF by 31.8% in the fourth quarter. Apollon Wealth Management LLC now owns 660,856 shares of the company’s stock worth $51,560,000 after purchasing an additional 159,403 shares during the period. Lincoln National Corp increased its holdings in shares of Vanguard Russell 1000 Growth ETF by 45.7% in the fourth quarter. Lincoln National Corp now owns 30,417 shares of the company’s stock worth $2,373,000 after purchasing an additional 9,544 shares during the period. Private Advisor Group LLC raised its position in shares of Vanguard Russell 1000 Growth ETF by 7.4% in the fourth quarter. Private Advisor Group LLC now owns 91,428 shares of the company’s stock worth $7,133,000 after buying an additional 6,304 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its stake in Vanguard Russell 1000 Growth ETF by 0.8% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 23,015 shares of the company’s stock valued at $1,796,000 after buying an additional 172 shares during the period.

Vanguard Russell 1000 Growth ETF Stock Performance

Vanguard Russell 1000 Growth ETF stock traded up $0.29 during midday trading on Thursday, hitting $86.52. 470,658 shares of the company’s stock were exchanged, compared to its average volume of 841,470. The stock has a 50-day moving average price of $85.31 and a two-hundred day moving average price of $80.12. Vanguard Russell 1000 Growth ETF has a 52-week low of $63.34 and a 52-week high of $87.75. The company has a market cap of $19.23 billion, a P/E ratio of 36.74 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 Tuesday, March 26th. Stockholders of record on Friday, March 22nd were issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Thursday, March 21st.

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.