Vanguard Russell 1000 Value ETF (NASDAQ:VONV) Reaches New 1-Year High – What’s Next?

Shares of Vanguard Russell 1000 Value ETF (NASDAQ:VONV) hit a new 52-week high during trading on Thursday . The company traded as high as $108.03 and last traded at $107.92, with a volume of 128858 shares changing hands. The stock had previously closed at $106.94.

Vanguard Russell 1000 Value ETF Price Performance

The company has a market capitalization of $20.44 billion, a PE ratio of 19.46 and a beta of 0.84. The company has a 50-day moving average of $103.72 and a two-hundred day moving average of $98.55.

Vanguard Russell 1000 Value ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 18th were paid a $0.4102 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.64 annualized dividend and a dividend yield of 1.5%.

Institutional Investors Weigh In On Vanguard Russell 1000 Value ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in Vanguard Russell 1000 Value ETF by 3.0% during the third quarter. Bank of America Corp DE now owns 28,476,088 shares of the company’s stock valued at $2,544,908,000 after purchasing an additional 823,792 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Vanguard Russell 1000 Value ETF by 8.5% during the 4th quarter. LPL Financial LLC now owns 11,418,321 shares of the company’s stock valued at $1,053,911,000 after buying an additional 891,173 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Vanguard Russell 1000 Value ETF by 1,284.2% in the 3rd quarter. Wellington Management Group LLP now owns 5,275,187 shares of the company’s stock worth $471,443,000 after buying an additional 4,894,074 shares during the period. TIAA Trust National Association increased its stake in Vanguard Russell 1000 Value ETF by 4.0% in the 4th quarter. TIAA Trust National Association now owns 4,726,716 shares of the company’s stock worth $436,277,000 after buying an additional 181,325 shares in the last quarter. Finally, Valpey Financial Services LLC grew its holdings 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 buying an additional 3,421,345 shares in the last quarter.

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.