Glass Jacobson Investment Advisors llc, an institutional investor, has recently acquired a new stake in the Vanguard Russell 1000 Growth ETF (NASDAQ:VONG). According to their most recent filing with the Securities and Exchange Commission (SEC), Glass Jacobson purchased 17,900 shares of the company’s stock during the second quarter. These shares have an approximate value of $1,267,000.
For those interested in staying updated on hedge funds and their investments in VONG, HoldingsChannel.com provides access to the latest 13F filings and insider trades.
In addition to this acquisition, Vanguard Russell 1000 Growth ETF recently announced a quarterly dividend. Stockholders of record as of Friday, September 22nd received a dividend payment of $0.128 per share on Tuesday, September 26th. The ex-dividend date for this payment was Thursday, September 21st. On an annualized basis, this dividend amounts to $0.51 per share with a dividend yield of 0.73%.
This news reflects Glass Jacobson Investment Advisors llc’s confidence in Vanguard Russell 1000 Growth ETF as an investment opportunity. As an institutional investor, they have carefully considered the potential returns and growth prospects associated with acquiring these shares.
It is important for investors to stay informed about developments within the financial industry and monitor notable investments made by various institutions. The decisions made by major players such as Glass Jacobson Investment Advisors llc can provide insights into trends and opportunities within the market.
Please note that this information pertains to October 8, 2023, and may be subject to change as new information becomes available.
Hedge Funds Show Interest in Vanguard Russell 1000 Growth ETF (VONG) with Significant Stake Increase
Published on October 8, 2023, the Vanguard Russell 1000 Growth ETF (VONG) has garnered the attention of several hedge funds in recent months. Among those making adjustments to their holdings in the company are Raymond James Financial Services Advisors Inc., Avantax Advisory Services Inc., Hapanowicz & Associates Financial Services Inc., Flagship Harbor Advisors LLC, and RMB Capital Management LLC.
Raymond James Financial Services Advisors Inc. increased its stake in VONG by a staggering 59.9% during the first quarter. This move resulted in Raymond James now owning a total of 1,400,768 shares valued at $88,094,000. Meanwhile, Avantax Advisory Services Inc. had a more modest increase of 5.0% in its position during the same period and now possesses 4,945,650 shares worth $311,032,000.
Hapanowicz & Associates Financial Services Inc., on the other hand, saw a minute growth of only 0.9% but still acquired an additional 4,983 shares equating to a value of $33,872,000. Flagship Harbor Advisors LLC experienced a more substantial uptick of 33.0% during the second quarter and currently holds 15,578 shares with a value of $1,102,000.
Lastly, RMB Capital Management LLC entered into a new position during the first quarter by purchasing shares worth approximately $827,000.
Trading activity for VONG on Friday revealed an increase in share price by $1.14 to reach $69.86 per share at mid-day trading. At this time,
833,789 shares were exchanged compared to an average volume of 768,948 shares.
The market capitalization for VONG stands at an impressive $13.77 billion with a price-to-earnings ratio of 27.00 and a beta factor of 1.08. Its fifty-day simple moving average rests at $70.58, while the two hundred-day simple moving average is slightly lower at $68.15.
Vanguard Russell 1000 Growth ETF aims to track an index of US large- and mid-cap stocks chosen from the Russell 1000 Index based on high growth characteristics utilizing Russell’s style methodology. This exchange-traded fund was launched on September 20, 2010, and is under the management of Vanguard.
The recent adjustments made by various hedge funds in their stakes for VONG highlight the appeal and potential growth of this exchange-traded fund. As the market continues to fluctuate, it will be intriguing to observe how these modifications impact the overall performance and value of VONG going forward. Investors should closely monitor these developments as they make informed decisions regarding their portfolios.