Principal Financial Group Inc. Sells 20,848 Shares of Vanguard Russell 1000 Growth ETF $VONG

Principal Financial Group Inc. lessened its stake in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 26.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 57,186 shares of the company’s stock after selling 20,848 shares during the quarter. Principal Financial Group Inc.’s holdings in Vanguard Russell 1000 Growth ETF were worth $6,273,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Asset Management One Co. Ltd. boosted its stake in Vanguard Russell 1000 Growth ETF by 19.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 526 shares of the company’s stock valued at $65,000 after buying an additional 84 shares during the last quarter. Cedar Point Capital Partners LLC increased its stake in Vanguard Russell 1000 Growth ETF by 3.5% in the 4th quarter. Cedar Point Capital Partners LLC now owns 2,811 shares of the company’s stock worth $342,000 after acquiring an additional 96 shares during the last quarter. Evolution Wealth Management Inc. raised its holdings in shares of Vanguard Russell 1000 Growth ETF by 11.0% during the 1st quarter. Evolution Wealth Management Inc. now owns 976 shares of the company’s stock worth $107,000 after acquiring an additional 97 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Vanguard Russell 1000 Growth ETF by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,542 shares of the company’s stock worth $427,000 after acquiring an additional 100 shares in the last quarter. Finally, McIlrath & Eck LLC raised its holdings in shares of Vanguard Russell 1000 Growth ETF by 22.2% during the 4th quarter. McIlrath & Eck LLC now owns 561 shares of the company’s stock worth $68,000 after acquiring an additional 102 shares in the last quarter.

Vanguard Russell 1000 Growth ETF Stock Performance

NASDAQ VONG opened at $120.57 on Tuesday. The stock has a 50 day moving average price of $126.27 and a 200-day moving average price of $121.00. Vanguard Russell 1000 Growth ETF has a one year low of $105.22 and a one year high of $132.94. The company has a market capitalization of $42.34 billion, a P/E ratio of 33.25 and a beta of 1.16.

Vanguard Russell 1000 Growth ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were paid a dividend of $0.1592 per share. The ex-dividend date of this dividend was Thursday, June 18th. This is a positive change from Vanguard Russell 1000 Growth ETF’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a yield of 0.5%.

Vanguard Russell 1000 Growth ETF 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.