Vanguard Russell 1000 Value ETF (NASDAQ:VONV) Sets New 52-Week High – Still a Buy?

Shares of Vanguard Russell 1000 Value ETF (NASDAQ:VONV) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $106.12 and last traded at $105.98, with a volume of 82405 shares trading hands. The stock had previously closed at $105.26.

Vanguard Russell 1000 Value ETF Stock Up 0.9%

The company’s 50 day moving average price is $101.10 and its 200-day moving average price is $97.11. The stock has a market cap of $18.94 billion, a P/E ratio of 19.46 and a beta of 0.84.

Vanguard Russell 1000 Value ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Tuesday, March 24th were given a dividend of $0.4117 per share. The ex-dividend date was Tuesday, March 24th. This represents a $1.65 annualized dividend and a dividend yield of 1.6%.

Institutional Investors Weigh In On Vanguard Russell 1000 Value ETF

Several large investors have recently modified their holdings of the company. NewEdge Advisors LLC increased its position in shares of Vanguard Russell 1000 Value ETF by 1.2% during the first quarter. NewEdge Advisors LLC now owns 92,316 shares of the company’s stock worth $8,654,000 after buying an additional 1,105 shares during the period. Integrated Investment Consultants LLC increased its position in shares of Vanguard Russell 1000 Value ETF by 8.2% during the first quarter. Integrated Investment Consultants LLC now owns 61,505 shares of the company’s stock worth $5,765,000 after buying an additional 4,642 shares during the period. Cozad Asset Management Inc. increased its position in shares of Vanguard Russell 1000 Value ETF by 0.9% during the first quarter. Cozad Asset Management Inc. now owns 17,870 shares of the company’s stock worth $1,675,000 after buying an additional 167 shares during the period. Westshore Wealth LLC increased its position in shares of Vanguard Russell 1000 Value ETF by 10.4% during the first quarter. Westshore Wealth LLC now owns 41,106 shares of the company’s stock worth $3,853,000 after buying an additional 3,876 shares during the period. Finally, Glenmede Trust Co. NA increased its position in shares of Vanguard Russell 1000 Value ETF by 11.7% during the first quarter. Glenmede Trust Co. NA now owns 58,064 shares of the company’s stock worth $5,443,000 after buying an additional 6,094 shares during the period.

About Vanguard Russell 1000 Value ETF

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.