Magnolia Capital Advisors LLC Invests $215,000 in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG)

Magnolia Capital Advisors LLC bought a new position in shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,289 shares of the company’s stock, valued at approximately $215,000.

Other institutional investors have also modified their holdings of the company. RFG Advisory LLC purchased a new position in Vanguard Russell 1000 Growth ETF during the first quarter valued at approximately $1,540,000. Park Avenue Securities LLC increased its holdings in Vanguard Russell 1000 Growth ETF by 70.2% during the first quarter. Park Avenue Securities LLC now owns 14,761 shares of the company’s stock valued at $1,279,000 after buying an additional 6,089 shares during the period. J.W. Cole Advisors Inc. increased its holdings in Vanguard Russell 1000 Growth ETF by 16.0% during the first quarter. J.W. Cole Advisors Inc. now owns 12,476 shares of the company’s stock valued at $1,081,000 after buying an additional 1,718 shares during the period. Charles Schwab Trust Co purchased a new position in Vanguard Russell 1000 Growth ETF during the first quarter valued at approximately $355,000. Finally, GSA Capital Partners LLP increased its holdings in Vanguard Russell 1000 Growth ETF by 17.0% during the first quarter. GSA Capital Partners LLP now owns 6,200 shares of the company’s stock valued at $537,000 after buying an additional 900 shares during the period.

Vanguard Russell 1000 Growth ETF Stock Up 0.4 %

Shares of VONG stock opened at $96.52 on Tuesday. The firm has a market cap of $21.59 billion, a price-to-earnings ratio of 36.74 and a beta of 1.08. The company’s 50 day moving average is $92.48 and its 200 day moving average is $90.31. Vanguard Russell 1000 Growth ETF has a 52-week low of $65.85 and a 52-week high of $98.46.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.139 dividend. This represents a $0.56 annualized dividend and a yield of 0.58%. The ex-dividend date was Thursday, September 26th.

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.