According to the most recent 13F filing with the Securities and Exchange Commission (SEC) on September 26, 2023, &Tranquility Partners LLC revealed that it has acquired a new stake in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) during the second quarter. This move by the institutional investor signifies its confidence in the potential growth of this particular exchange-traded fund.
The filing reported that &Tranquility Partners LLC acquired a total of 2,920 shares of Vanguard Russell 1000 Growth ETF, valued at approximately $207,000. This investment reflects a strategic decision made by the firm based on its analysis of market trends and performance indicators influencing the growth prospects of this specific ETF.
Vanguard Russell 1000 Growth ETF is designed to provide investors with exposure to large- and mid-cap U.S. stocks identified as having above-average growth potential. The fund tracks the performance of the Russell 1000 Growth Index, which includes companies expected to achieve higher earnings growth compared to their peers.
Institutional investors such as &Tranquility Partners LLC play a significant role in shaping the dynamics of financial markets. Their investment decisions are driven by thorough research and analysis conducted by their dedicated teams. By acquiring shares in Vanguard Russell 1000 Growth ETF, &Tranquility Partners LLC demonstrates its belief in the future prospects of companies within this index that exhibit strong earnings growth potential.
It is worth mentioning that ETFs have gained popularity among investors due to their ability to provide diversification and liquidity while tracking specific indices or asset classes. The Vanguard Russell 1000 Growth ETF offers investors exposure to a wide range of industries and sectors, aiming to capture long-term capital appreciation.
Based on the information disclosed in the filing, it appears that &Tranquility Partners LLC has carefully assessed the investment opportunities presented by Vanguard Russell 1000 Growth ETF and deemed it suitable for their portfolio. While investment decisions carry inherent risks, the acquisition of this stake demonstrates the institutional investor’s confidence in the potential growth and value of this ETF.
The disclosure of such transactions provides valuable insights to market participants, enabling them to monitor investment trends and gain a better understanding of the strategies employed by institutional investors. The SEC’s 13F filings act as a window into the investment activities of large institutions, fostering transparency within the financial markets.
In conclusion, &Tranquility Partners LLC has recently acquired a new stake in Vanguard Russell 1000 Growth ETF, reflecting its belief in the growth potential of this specific exchange-traded fund. This strategic decision affirms their confidence in companies within this index exhibiting strong earnings growth prospects. As with any investment, it is important to carefully assess one’s own financial goals and risk tolerance before making any decisions based on such information disclosed through SEC filings.
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Hedge Funds and Institutional Investors Actively Trading Vanguard Russell 1000 Growth ETF (VONG) as Bank of America, Moneta Group, Avantax Advisory Services, Morgan Stanley, and TIAA FSB Increase Holdings
On September 26, 2023, it was reported that several hedge funds and institutional investors have been actively buying and selling shares of the Vanguard Russell 1000 Growth ETF (VONG). Among them, Bank of America Corp DE increased its stake in the company by 5.2% during the first quarter, bringing its total ownership to 32,310,639 shares valued at $2,032,016,000. Moneta Group Investment Advisors LLC also boosted its position in VONG by a staggering 25,173.7% in the fourth quarter, now holding 6,643,705 shares valued at $366,201,000.
Avantax Advisory Services Inc. witnessed a modest growth of 5.0% during the first quarter and now owns 4,945,650 shares worth $311,032,000. Morgan Stanley raised its position by 8.1% during the fourth quarter and currently holds 4,540,471 shares valued at $250,271,000. Lastly,TIAA FSB increased its holdings in VONG by 4.4% during the first quarter and now possesses 4,313,478 shares worth $271,275 million.
As for VONG itself,the stock opened at $68.99 on Tuesday with a 50-day moving average of $71.29 and a 200-day moving average of $67.76.The one-year low stands at $51.98 while the one-year high is at $73.80.The market cap is estimated to be around$12.79 billion with a PE ratio of27.00 and a beta coefficient of1.08.
However,before making any investment decisions regarding Vanguard Russell1000 Growth ETF,it may be wise to consider additional information about this fund.
The Vanguard Russell1000 Growth ETF(VONG)is an exchange-traded fund that follows the performance ofthe Russell 1000 Growth index. This fund tracks an index that represents US-based large and mid-cap stocks that have exhibited high growth characteristics, based on Russell’s style methodology. VONG was launched onSeptember 20,2010.The fund is managed by Vanguard, a reputable investment management company.
With this information in mind, individuals interested in investing in VONG are encouraged to conduct further research and seek professional advice before making any financial commitments. As the market constantly fluctuates, it is crucial to stay updated with the latest news and developments surrounding the Vanguard Russell 1000 Growth ETF.Orders
