Steele Capital Management Inc. Buys New Shares in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG)

Steele Capital Management Inc. bought a new stake in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) in the 4th quarter, Holdings Channel.com reports. The fund bought 256,830 shares of the company’s stock, valued at approximately $20,038,000. Vanguard Russell 1000 Growth ETF accounts for about 1.3% of Steele Capital Management Inc.’s holdings, making the stock its 19th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in VONG. Avantax Advisory Services Inc. boosted its holdings in Vanguard Russell 1000 Growth ETF by 114.4% in the third quarter. Avantax Advisory Services Inc. now owns 10,661,133 shares of the company’s stock valued at $729,648,000 after purchasing an additional 5,689,290 shares during the last quarter. TIAA Trust National Association bought a new position in Vanguard Russell 1000 Growth ETF during the 3rd quarter worth approximately $288,590,000. Comerica Bank bought a new position in Vanguard Russell 1000 Growth ETF during the 3rd quarter worth approximately $55,071,000. Congress Wealth Management LLC DE bought a new position in Vanguard Russell 1000 Growth ETF during the 3rd quarter worth approximately $40,572,000. Finally, Ameriprise Financial Inc. lifted its holdings in Vanguard Russell 1000 Growth ETF by 21.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,977,796 shares of the company’s stock worth $203,871,000 after buying an additional 517,435 shares during the last quarter.

Vanguard Russell 1000 Growth ETF Stock Up 0.2 %

NASDAQ:VONG traded up $0.17 during trading hours on Monday, reaching $84.54. 656,548 shares of the stock were exchanged, compared to its average volume of 863,492. The firm has a 50 day simple moving average of $85.22 and a 200-day simple moving average of $79.31. Vanguard Russell 1000 Growth ETF has a 52 week low of $62.10 and a 52 week high of $87.75. The stock has a market capitalization of $18.79 billion, a P/E ratio of 37.21 and a beta of 1.08.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 22nd were issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 0.73%. 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.