Apollon Wealth Management LLC Grows Stock Position in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG)

Apollon Wealth Management LLC raised its stake in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 1.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 732,825 shares of the company’s stock after acquiring an additional 10,658 shares during the period. Vanguard Russell 1000 Growth ETF comprises about 2.0% of Apollon Wealth Management LLC’s investment portfolio, making the stock its 5th largest position. Apollon Wealth Management LLC’s holdings in Vanguard Russell 1000 Growth ETF were worth $70,732,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Abound Wealth Management acquired a new position in shares of Vanguard Russell 1000 Growth ETF in the 2nd quarter valued at about $27,000. Rothschild Investment LLC acquired a new position in shares of Vanguard Russell 1000 Growth ETF in the 2nd quarter valued at about $31,000. Stuart Chaussee & Associates Inc. acquired a new position in shares of Vanguard Russell 1000 Growth ETF in the 1st quarter valued at about $35,000. Mather Group LLC. acquired a new position in shares of Vanguard Russell 1000 Growth ETF in the 2nd quarter valued at about $35,000. Finally, Eastern Bank acquired a new position in shares of Vanguard Russell 1000 Growth ETF in the 3rd quarter valued at about $35,000.

Vanguard Russell 1000 Growth ETF Stock Performance

VONG stock opened at $102.63 on Tuesday. The stock’s 50 day simple moving average is $96.26 and its 200 day simple moving average is $92.95. Vanguard Russell 1000 Growth ETF has a fifty-two week low of $72.00 and a fifty-two week high of $102.98. The company has a market cap of $23.92 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 was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.139 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.54%. 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.