Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Share Price Breaks Below 200 Day Moving Average – Here’s What Happened

Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $122.97 and traded as low as $119.80. Vanguard Russell 1000 Growth ETF shares last traded at $121.09, with a volume of 1,483,353 shares changing hands.

Vanguard Russell 1000 Growth ETF Stock Performance

The firm has a market capitalization of $44.22 billion, a price-to-earnings ratio of 33.25 and a beta of 1.16. The business has a fifty day moving average of $127.28 and a two-hundred day moving average of $122.97.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in shares of Vanguard Russell 1000 Growth ETF by 48.5% during the first quarter. Bank of America Corp DE now owns 76,119,779 shares of the company’s stock worth $8,349,579,000 after acquiring an additional 24,863,877 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Vanguard Russell 1000 Growth ETF by 6.8% in the second quarter. Envestnet Asset Management Inc. now owns 5,410,693 shares of the company’s stock valued at $691,520,000 after acquiring an additional 343,780 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in Vanguard Russell 1000 Growth ETF by 15.2% in the third quarter. Apollon Wealth Management LLC now owns 1,305,364 shares of the company’s stock valued at $168,301,000 after acquiring an additional 172,046 shares during the last quarter. Royal Bank of Canada boosted its holdings in Vanguard Russell 1000 Growth ETF by 17.7% in the first quarter. Royal Bank of Canada now owns 1,288,656 shares of the company’s stock valued at $141,352,000 after acquiring an additional 193,959 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in Vanguard Russell 1000 Growth ETF by 111.7% during the 1st quarter. Fifth Third Bancorp now owns 1,247,760 shares of the company’s stock valued at $136,867,000 after purchasing an additional 658,343 shares during the period.

About Vanguard Russell 1000 Growth ETF

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.