Hsbc Holdings PLC Makes New Investment in Vanguard Russell 1000 Growth ETF $VONG

Hsbc Holdings PLC acquired a new stake in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 37,580 shares of the company’s stock, valued at approximately $4,575,000.

A number of other institutional investors also recently modified their holdings of VONG. Bank of America Corp DE grew its stake in shares of Vanguard Russell 1000 Growth ETF by 51.7% during the fourth quarter. Bank of America Corp DE now owns 51,255,902 shares of the company’s stock valued at $6,240,406,000 after purchasing an additional 17,473,802 shares during the last quarter. LPL Financial LLC raised its position in Vanguard Russell 1000 Growth ETF by 6.4% in the 4th quarter. LPL Financial LLC now owns 8,174,197 shares of the company’s stock worth $995,208,000 after purchasing an additional 494,747 shares during the last quarter. Wells Fargo & Company MN raised its position in Vanguard Russell 1000 Growth ETF by 6.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,229,899 shares of the company’s stock worth $514,990,000 after purchasing an additional 245,413 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Vanguard Russell 1000 Growth ETF by 8.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,031,762 shares of the company’s stock worth $485,265,000 after buying an additional 320,907 shares in the last quarter. Finally, UBS Group AG lifted its holdings in Vanguard Russell 1000 Growth ETF by 0.8% during the 3rd quarter. UBS Group AG now owns 3,994,158 shares of the company’s stock worth $481,296,000 after buying an additional 29,877 shares in the last quarter.

Vanguard Russell 1000 Growth ETF Stock Performance

Shares of VONG opened at $122.12 on Friday. The business’s fifty day moving average price is $126.13 and its two-hundred day moving average price is $120.60. The firm has a market capitalization of $41.65 billion, a price-to-earnings ratio of 33.25 and a beta of 1.16. Vanguard Russell 1000 Growth ETF has a 52 week low of $105.22 and a 52 week high of $132.94.

Vanguard Russell 1000 Growth ETF Increases Dividend

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

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.