Hsbc Holdings PLC Makes New Investment in Vanguard Russell 1000 Value ETF $VONV

Hsbc Holdings PLC acquired a new stake in Vanguard Russell 1000 Value ETF (NASDAQ:VONV) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 39,165 shares of the company’s stock, valued at approximately $3,615,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP boosted its holdings in shares of Vanguard Russell 1000 Value ETF by 1,284.2% during the third quarter. Wellington Management Group LLP now owns 5,275,187 shares of the company’s stock worth $471,443,000 after purchasing an additional 4,894,074 shares during the period. Bank of America Corp DE increased its holdings in Vanguard Russell 1000 Value ETF by 14.7% during the 2nd quarter. Bank of America Corp DE now owns 27,652,296 shares of the company’s stock valued at $2,356,252,000 after purchasing an additional 3,543,885 shares during the period. Valpey Financial Services LLC raised its position in Vanguard Russell 1000 Value ETF by 9,192.2% during the 4th quarter. Valpey Financial Services LLC now owns 3,458,565 shares of the company’s stock valued at $319,226,000 after purchasing an additional 3,421,345 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Vanguard Russell 1000 Value ETF by 227.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,684,203 shares of the company’s stock valued at $247,752,000 after purchasing an additional 1,865,509 shares during the last quarter. Finally, OpenArc Corporate Advisory LLC bought a new position in Vanguard Russell 1000 Value ETF during the 4th quarter valued at approximately $135,878,000.

Vanguard Russell 1000 Value ETF Stock Performance

NASDAQ VONV opened at $108.27 on Friday. The stock has a market cap of $20.29 billion, a P/E ratio of 19.46 and a beta of 0.84. Vanguard Russell 1000 Value ETF has a fifty-two week low of $84.13 and a fifty-two week high of $109.34. The stock has a 50 day simple moving average of $104.92 and a two-hundred day simple moving average of $99.28.

Vanguard Russell 1000 Value ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were issued a dividend of $0.4102 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Thursday, June 18th.

Vanguard Russell 1000 Value ETF Profile

The Vanguard Russell 1000 Value ETF (VONV) is an exchange-traded fund that is based on the Russell 1000 Value index. The fund tracks an index of value stocks selected from the 1,000 largest US companies. VONV was launched on Sep 20, 2010 and is managed by Vanguard.