Bank of America Corp DE Buys 24,863,877 Shares of Vanguard Russell 1000 Growth ETF $VONG

Bank of America Corp DE boosted its stake in shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 48.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 76,119,779 shares of the company’s stock after buying an additional 24,863,877 shares during the period. Vanguard Russell 1000 Growth ETF comprises 0.6% of Bank of America Corp DE’s holdings, making the stock its 28th biggest position. Bank of America Corp DE owned 0.22% of Vanguard Russell 1000 Growth ETF worth $8,349,579,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Amundi bought a new stake in shares of Vanguard Russell 1000 Growth ETF in the first quarter worth about $488,000. AQR Capital Management LLC raised its holdings in shares of Vanguard Russell 1000 Growth ETF by 9.1% during the 1st quarter. AQR Capital Management LLC now owns 37,849 shares of the company’s stock worth $3,512,000 after acquiring an additional 3,154 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Vanguard Russell 1000 Growth ETF by 17.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 473,073 shares of the company’s stock valued at $43,896,000 after acquiring an additional 69,346 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Vanguard Russell 1000 Growth ETF by 13.0% in the second quarter. Russell Investments Group Ltd. now owns 2,489 shares of the company’s stock valued at $272,000 after purchasing an additional 287 shares in the last quarter. Finally, Invesco Ltd. bought a new stake in Vanguard Russell 1000 Growth ETF in the second quarter worth $475,000.

Vanguard Russell 1000 Growth ETF Stock Down 2.1%

Shares of NASDAQ:VONG opened at $117.42 on Thursday. The firm has a fifty day simple moving average of $125.91 and a two-hundred day simple moving average of $120.95. Vanguard Russell 1000 Growth ETF has a 52 week low of $105.22 and a 52 week high of $132.94. The stock has a market capitalization of $41.23 billion, a P/E ratio of 33.25 and a beta of 1.16.

Vanguard Russell 1000 Growth ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were given a $0.1592 dividend. This is an increase from Vanguard Russell 1000 Growth ETF’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 0.5%. The ex-dividend date was Thursday, June 18th.

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.