Hsbc Holdings PLC Increases Stake in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG)

Hsbc Holdings PLC raised its holdings in shares of Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) by 123.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 31,989 shares of the company’s stock after acquiring an additional 17,693 shares during the quarter. Hsbc Holdings PLC’s holdings in Vanguard Russell 1000 Growth ETF were worth $3,304,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VONG. Legacy Investment Solutions LLC purchased a new stake in shares of Vanguard Russell 1000 Growth ETF during the 4th quarter valued at approximately $42,000. Sound Income Strategies LLC lifted its position in shares of Vanguard Russell 1000 Growth ETF by 3,291.7% during the fourth quarter. Sound Income Strategies LLC now owns 407 shares of the company’s stock worth $42,000 after acquiring an additional 395 shares in the last quarter. Investment Counsel Co. of Nevada purchased a new stake in shares of Vanguard Russell 1000 Growth ETF during the fourth quarter worth $51,000. Eagle Bay Advisors LLC boosted its holdings in shares of Vanguard Russell 1000 Growth ETF by 140.7% in the fourth quarter. Eagle Bay Advisors LLC now owns 568 shares of the company’s stock worth $59,000 after acquiring an additional 332 shares during the period. Finally, Providence First Trust Co purchased a new position in shares of Vanguard Russell 1000 Growth ETF in the fourth quarter valued at $62,000.

Vanguard Russell 1000 Growth ETF Stock Performance

Shares of VONG opened at $94.38 on Wednesday. Vanguard Russell 1000 Growth ETF has a 52-week low of $79.40 and a 52-week high of $107.97. The stock’s 50-day simple moving average is $93.53 and its 200 day simple moving average is $99.94. The stock has a market capitalization of $24.77 billion, a price-to-earnings ratio of 29.81 and a beta of 1.08.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were issued a $0.1366 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Tuesday, March 25th.

Vanguard Russell 1000 Growth ETF Company 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.