Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Reaches New 52-Week Low – Should You Sell?

Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) reached a new 52-week low on Monday . The stock traded as low as $79.39 and last traded at $79.66, with a volume of 584671 shares changing hands. The stock had previously closed at $83.88.

Vanguard Russell 1000 Growth ETF Trading Down 1.6 %

The business has a 50-day moving average of $99.90 and a two-hundred day moving average of $100.95. The firm has a market cap of $21.65 billion, a P/E ratio of 31.13 and a beta of 1.08.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were paid a $0.1366 dividend. The ex-dividend date was Tuesday, March 25th. This represents a $0.55 annualized dividend and a dividend yield of 0.66%.

Hedge Funds Weigh In On Vanguard Russell 1000 Growth ETF

A number of hedge funds have recently made changes to their positions in VONG. First Hawaiian Bank grew its holdings in Vanguard Russell 1000 Growth ETF by 1.2% during the 1st quarter. First Hawaiian Bank now owns 838,489 shares of the company’s stock worth $77,803,000 after acquiring an additional 10,035 shares during the period. Fulcrum Equity Management acquired a new position in Vanguard Russell 1000 Growth ETF during the fourth quarter worth $636,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Vanguard Russell 1000 Growth ETF by 4.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 379,772 shares of the company’s stock worth $39,230,000 after acquiring an additional 14,651 shares during the last quarter. Centaurus Financial Inc. boosted its position in shares of Vanguard Russell 1000 Growth ETF by 26.7% during the fourth quarter. Centaurus Financial Inc. now owns 3,886 shares of the company’s stock valued at $401,000 after buying an additional 818 shares during the last quarter. Finally, Elite Financial Inc. purchased a new position in Vanguard Russell 1000 Growth ETF during the 4th quarter worth $18,687,000.

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.