LVW Advisors LLC Reduces Holdings in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG)

LVW Advisors LLC trimmed its stake in shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 10.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 462,118 shares of the company’s stock after selling 51,198 shares during the quarter. Vanguard Russell 1000 Growth ETF comprises 6.8% of LVW Advisors LLC’s holdings, making the stock its 2nd biggest position. LVW Advisors LLC owned about 0.21% of Vanguard Russell 1000 Growth ETF worth $40,052,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Avantax Advisory Services Inc. raised its holdings in shares of Vanguard Russell 1000 Growth ETF by 0.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 10,705,093 shares of the company’s stock worth $835,211,000 after purchasing an additional 43,960 shares in the last quarter. Morgan Stanley raised its holdings in shares of Vanguard Russell 1000 Growth ETF by 0.9% in the 3rd quarter. Morgan Stanley now owns 4,773,262 shares of the company’s stock worth $326,682,000 after purchasing an additional 43,855 shares in the last quarter. TIAA Trust National Association raised its holdings in shares of Vanguard Russell 1000 Growth ETF by 1.4% in the 4th quarter. TIAA Trust National Association now owns 4,274,074 shares of the company’s stock worth $333,463,000 after purchasing an additional 57,382 shares in the last quarter. Wells Fargo & Company MN raised its holdings 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 worth $266,931,000 after purchasing an additional 166,104 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Vanguard Russell 1000 Growth ETF by 7.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,290,989 shares of the company’s stock worth $256,763,000 after purchasing an additional 215,713 shares in the last quarter.

Vanguard Russell 1000 Growth ETF Price Performance

NASDAQ VONG opened at $93.81 on Monday. The company’s 50 day simple moving average is $88.89 and its 200 day simple moving average is $84.80. Vanguard Russell 1000 Growth ETF has a 12 month low of $65.85 and a 12 month high of $95.30. The company has a market capitalization of $20.85 billion, a P/E ratio of 36.74 and a beta of 1.08.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, June 27th will be given a $0.141 dividend. The ex-dividend date is Thursday, June 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.60%.

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.