Pinnacle Financial Partners Inc Raises Position in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG)

Pinnacle Financial Partners Inc lifted its stake in shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 5.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 69,863 shares of the company’s stock after buying an additional 3,876 shares during the period. Pinnacle Financial Partners Inc’s holdings in Vanguard Russell 1000 Growth ETF were worth $6,743,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of VONG. Abound Wealth Management purchased a new stake in Vanguard Russell 1000 Growth ETF during the second quarter worth about $27,000. Rothschild Investment LLC bought a new stake in shares of Vanguard Russell 1000 Growth ETF in the 2nd quarter worth approximately $31,000. Mather Group LLC. purchased a new position in Vanguard Russell 1000 Growth ETF in the second quarter valued at approximately $35,000. Eastern Bank purchased a new position in Vanguard Russell 1000 Growth ETF in the third quarter valued at approximately $35,000. Finally, Adirondack Trust Co. bought a new stake in shares of Vanguard Russell 1000 Growth ETF in the second quarter valued at $43,000.

Vanguard Russell 1000 Growth ETF Stock Performance

VONG stock opened at $102.56 on Thursday. Vanguard Russell 1000 Growth ETF has a fifty-two week low of $73.53 and a fifty-two week high of $103.15. The stock has a fifty day moving average of $96.65 and a 200-day moving average of $93.22. The company has a market capitalization of $23.90 billion, a price-to-earnings ratio of 36.74 and a beta of 1.08.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.139 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.54%. 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.