Vanguard Russell 1000 Value ETF (NASDAQ:VONV) Hits New 12-Month High – Still a Buy?

Vanguard Russell 1000 Value ETF (NASDAQ:VONV)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $103.13 and last traded at $102.87, with a volume of 15156 shares trading hands. The stock had previously closed at $102.61.

Vanguard Russell 1000 Value ETF Price Performance

The stock’s 50-day moving average is $97.21 and its 200 day moving average is $94.94. The company has a market cap of $18.33 billion, a PE ratio of 19.46 and a beta of 0.84.

Vanguard Russell 1000 Value ETF Cuts Dividend

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

Institutional Investors Weigh In On Vanguard Russell 1000 Value ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its position 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 acquiring an additional 823,792 shares during the last quarter. LPL Financial LLC raised its position in shares of Vanguard Russell 1000 Value ETF by 8.5% in the 4th quarter. LPL Financial LLC now owns 11,418,321 shares of the company’s stock valued at $1,053,911,000 after purchasing an additional 891,173 shares during the last quarter. Wellington Management Group LLP raised its position in shares of 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 valued at $471,443,000 after purchasing an additional 4,894,074 shares during the last quarter. TIAA Trust National Association raised its position in shares of 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 valued at $436,277,000 after purchasing an additional 181,325 shares during the last quarter. Finally, Valpey Financial Services LLC raised its position in shares of Vanguard Russell 1000 Value ETF by 9,192.2% in 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.

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.