Baird Financial Group Inc. Increases Holdings in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG)

Baird Financial Group Inc. raised its stake in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 0.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 197,151 shares of the company’s stock after buying an additional 160 shares during the quarter. Baird Financial Group Inc. owned approximately 0.08% of Vanguard Russell 1000 Growth ETF worth $20,366,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. LPL Financial LLC increased its stake in Vanguard Russell 1000 Growth ETF by 6.8% during the fourth quarter. LPL Financial LLC now owns 5,525,452 shares of the company’s stock worth $570,779,000 after acquiring an additional 352,590 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Vanguard Russell 1000 Growth ETF by 3.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 3,735,457 shares of the company’s stock worth $385,873,000 after purchasing an additional 112,803 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Vanguard Russell 1000 Growth ETF by 11.7% in the 4th quarter. Wells Fargo & Company MN now owns 3,695,628 shares of the company’s stock valued at $381,758,000 after buying an additional 386,910 shares during the period. Raymond James Financial Inc. acquired a new position in Vanguard Russell 1000 Growth ETF in the fourth quarter valued at about $307,101,000. Finally, Commonwealth Equity Services LLC boosted its stake in Vanguard Russell 1000 Growth ETF by 7.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,206,093 shares of the company’s stock worth $227,889,000 after buying an additional 151,225 shares during the period.

Vanguard Russell 1000 Growth ETF Price Performance

Shares of VONG opened at $95.48 on Wednesday. The firm has a 50-day simple moving average of $92.87 and a two-hundred day simple moving average of $99.86. The stock has a market cap of $25.05 billion, a PE ratio of 29.81 and a beta of 1.08. Vanguard Russell 1000 Growth ETF has a 1-year low of $79.40 and a 1-year high of $107.97.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.1366 per share. This represents a $0.55 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Tuesday, March 25th.

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.