Clare Market Investments Reduces Stake in Vanguard Russell 1000 Growth ETF
Clare Market Investments LLC has reduced its stake in the Vanguard Russell 1000 Growth ETF (NASDAQ: VONG) by 9.9% during the second quarter of 2023. This change was disclosed in a recent 13F filing with the Securities and Exchange Commission (SEC). Following the sale of 700 shares, Clare Market now holds 6,360 shares, valued at approximately $695,000.
This adjustment comes as part of a broader trend among institutional investors modifying their holdings in the Vanguard Russell 1000 Growth ETF. For instance, Brown Advisory Inc. increased its stake by 3.2% in the first quarter, bringing its total to 7,156 shares valued at $664,000 after acquiring an additional 219 shares. Similarly, Blair William & Co. IL also raised its stake by 3.2%, now owning 16,104 shares worth $1.494 million after purchasing an extra 497 shares.
Significant growth in holdings was observed from BNP Paribas Financial Markets, which raised its stake by an impressive 941.9% in the fourth quarter. They now possess 1,792 shares valued at $185,000, following the acquisition of an additional 1,620 shares. Spire Wealth Management also significantly increased its position, growing its stake by 337.9% in the first quarter to 2,080 shares valued at $193,000 after acquiring an additional 1,605 shares. Bare Financial Services Inc. similarly raised its stake by 9.8%, now holding 67,594 shares worth $6.272 million.
Current Performance of Vanguard Russell 1000 Growth ETF
As of the latest trading session, shares of the Vanguard Russell 1000 Growth ETF opened at $119.52. The ETF has experienced a 52-week low of $79.39 and a 52-week high of $120.09. With a market capitalization of $32.03 billion, the fund features a price-to-earnings ratio of 33.25 and a beta of 1.08. The stock’s fifty-day simple moving average stands at $114.43, while the two-hundred-day average is $103.98.
The Vanguard Russell 1000 Growth ETF, launched on September 20, 2010, aims to track the performance of the Russell 1000 Growth Index. This index consists of large- and mid-cap U.S. stocks characterized by high growth potential, selected based on Russell’s style methodology. The ETF is managed by Vanguard, a recognized leader in investment management.
For those interested in the latest changes in hedge fund holdings for the Vanguard Russell 1000 Growth ETF, additional information can be found on HoldingsChannel.com. Investors can also subscribe to receive daily summaries of news and analysts’ ratings on the ETF and related companies through MarketBeat.com’s newsletter service.
