Vanguard Russell 2000 Growth ETF (NASDAQ:VTWG) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Vanguard Russell 2000 Growth ETF (NASDAQ:VTWG) saw an uptick in trading volume on Thursday . 75,204 shares changed hands during trading, an increase of 223% from the previous session’s volume of 23,260 shares.The stock last traded at $279.53 and had previously closed at $277.20.

Vanguard Russell 2000 Growth ETF Trading Up 1.0%

The firm has a 50 day moving average of $251.94 and a 200-day moving average of $245.55. The company has a market cap of $1.44 billion, a P/E ratio of 20.82 and a beta of 1.20.

Vanguard Russell 2000 Growth ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Tuesday, March 24th were paid a dividend of $0.3241 per share. This represents a $1.30 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Trading of Vanguard Russell 2000 Growth ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in VTWG. Elm3 Financial Group LLC bought a new stake in Vanguard Russell 2000 Growth ETF in the 4th quarter worth approximately $754,000. Systelligence LLC bought a new stake in Vanguard Russell 2000 Growth ETF in the 4th quarter worth approximately $17,186,000. Kelsey Financial LLC bought a new stake in Vanguard Russell 2000 Growth ETF in the 4th quarter worth approximately $531,000. JPMorgan Chase & Co. increased its stake in Vanguard Russell 2000 Growth ETF by 23.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,729 shares of the company’s stock worth $3,210,000 after acquiring an additional 2,579 shares during the last quarter. Finally, First Citizens Asset Management Inc. bought a new stake in Vanguard Russell 2000 Growth ETF in the 3rd quarter worth approximately $473,000.

Vanguard Russell 2000 Growth ETF Company Profile

The Vanguard Russell 2000 Growth ETF (VTWG) is an exchange-traded fund that is based on the Russell 2000 Growth index. The fund tracks an index of US small-cap growth stocks. Holdings are selected and weighted based on EPS growth estimates and historical sales growth. VTWG was launched on Sep 20, 2010 and is managed by Vanguard.