Allspring Global Investments Increases Stake in Vanguard Russell 1000 Growth ETF

Allspring Global Investments Holdings LLC has notably increased its investment in the Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 41.2% during the third quarter of the year. According to recent reports, this institutional investor now holds 8,368 shares of the ETF, having purchased an additional 2,441 shares during this period. As of the end of the most recent quarter, Allspring's total holdings in the Vanguard Russell 1000 Growth ETF were valued at approximately $808,000.

Several other institutional investors have also made changes to their positions in the Vanguard Russell 1000 Growth ETF. For instance, Bernardo Wealth Planning LLC increased its stake by 18.4% in the third quarter, acquiring an additional 28,927 shares, bringing its total holdings to 186,421 shares valued at $18,264,000. Meanwhile, WestHill Financial Advisors Inc. raised its position by 0.9%, resulting in a total of 671,479 shares worth $64,811,000 after purchasing an extra 6,274 shares during the quarter.

Other institutional investors, like Chicago Capital LLC, have recently initiated new stakes in the ETF, investing around $237,000. Additionally, Key Client Fiduciary Advisors LLC boosted their investment by 13.0%, now owning 7,957 shares valued at $768,000 after acquiring 918 more shares. Finally, Commonwealth Equity Services LLC has increased its stake by 0.8%, with total holdings of 2,054,868 shares valued at $198,336,000 after purchasing 16,377 shares.

Performance Overview of Vanguard Russell 1000 Growth ETF

The Vanguard Russell 1000 Growth ETF opened trading at $96.21 recently. The ETF's performance can be tracked through its 50-day moving average, currently at $95.59, and its 200-day moving average, which stands at $92.13. The ETF's price has experienced a low of $66.74 and a peak of $99.84 over the past year. With a significant market capitalization of $22.42 billion, the ETF has a price-to-earnings ratio of 36.74 and a beta of 1.08, indicating a moderate level of volatility.

Recent Dividend Announcement

The Vanguard Russell 1000 Growth ETF recently declared a quarterly dividend, which was paid on September 30th. Shareholders on record as of September 26th received a dividend of $0.139 per share. The annualized dividend yield is approximately 0.58%, equating to $0.56 per share.

Company Background of Vanguard Russell 1000 Growth ETF

The Vanguard Russell 1000 Growth ETF (VONG) is an exchange-traded fund designed to reflect the performance of the Russell 1000 Growth Index. The ETF includes U.S. large-cap and mid-cap stocks that are identified as having high growth potential. VONG was launched on September 20, 2010, and it is managed by Vanguard.

Allspring, Investment, ETF