Capstone Wealth Management Inc. Invests $1 Million in Vanguard Russell 1000 Growth ETF $VONG

Capstone Wealth Management Inc. acquired a new stake in shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,242 shares of the company’s stock, valued at approximately $1,003,000. Vanguard Russell 1000 Growth ETF makes up approximately 0.9% of Capstone Wealth Management Inc.’s portfolio, making the stock its 21st biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Amundi purchased a new stake in Vanguard Russell 1000 Growth ETF during the 1st quarter worth approximately $488,000. AQR Capital Management LLC increased its stake in 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 valued at $3,512,000 after purchasing an additional 3,154 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Vanguard Russell 1000 Growth ETF by 17.2% in the first quarter. Goldman Sachs Group Inc. now owns 473,073 shares of the company’s stock worth $43,896,000 after buying an additional 69,346 shares during the last quarter. Russell Investments Group Ltd. raised 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 worth $272,000 after buying an additional 287 shares during the last quarter. Finally, Invesco Ltd. purchased a new position in shares of Vanguard Russell 1000 Growth ETF in the second quarter worth $475,000.

Vanguard Russell 1000 Growth ETF Trading Up 1.2%

NASDAQ:VONG opened at $126.87 on Friday. The company has a market capitalization of $43.27 billion, a P/E ratio of 33.25 and a beta of 1.16. Vanguard Russell 1000 Growth ETF has a 12 month low of $103.39 and a 12 month high of $132.94. The firm has a fifty day simple moving average of $125.27 and a 200-day simple moving average of $120.55.

Vanguard Russell 1000 Growth ETF Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th will be paid a $0.1592 dividend. This is a positive change from Vanguard Russell 1000 Growth ETF’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, June 18th. This represents a $0.64 dividend on an annualized basis and a yield of 0.5%.

Vanguard Russell 1000 Growth ETF Company 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.