The Vanguard Russell 2000 Growth ETF (NASDAQ:VTWG) achieved a new 52-week high during trading on Thursday, reaching a peak of $248.43 before settling at $247.70. The exchange-traded fund (ETF) saw a trading volume of 47,817 shares, compared to its previous closing price of $245.95.
Investors observed a 1.0% increase in the stock price, reflecting positive market sentiment. This ETF, which tracks the Russell 2000 Growth index, has demonstrated strong performance, with a 50-day moving average of $237.88 and a 200-day moving average of $228.96. Its market capitalization stands at approximately $1.22 billion, and it has a price-to-earnings ratio of 20.82 and a beta of 1.17, indicating higher volatility compared to the broader market.
Recent Dividend Announcement
In addition to its impressive stock performance, Vanguard announced a quarterly dividend of $0.6673 per share, which was paid on December 24, 2023. Shareholders on record as of December 22, 2023 were eligible for this dividend. This translates to an annualized dividend of $2.67 and a dividend yield of approximately 1.1%. The ex-dividend date was also December 22, 2023, allowing investors to assess their holdings before the payout.
Understanding the Vanguard Russell 2000 Growth ETF
The Vanguard Russell 2000 Growth ETF was launched on September 20, 2010. It is designed to track an index of U.S. small-cap growth stocks, with holdings selected based on expected earnings per share (EPS) growth and historical sales growth. The management of the fund is handled by Vanguard, a well-regarded investment management company known for its low-cost investment options.
As the market continues to react to economic developments, the Vanguard Russell 2000 Growth ETF’s performance will be watched closely by investors looking for opportunities in small-cap growth stocks. With its recent high, the ETF exemplifies the ongoing interest in this segment of the market, drawing attention from both individual and institutional investors.
