Vanguard Russell 1000 ETF (NASDAQ:VONE) Sees Large Volume Increase – Still a Buy?

Vanguard Russell 1000 ETF (NASDAQ:VONE) saw unusually-high trading volume on Tuesday . 201,111 shares traded hands during trading, an increase of 108% from the previous session’s volume of 96,622 shares.The stock last traded at $346.35 and had previously closed at $345.98.

Vanguard Russell 1000 ETF Stock Performance

The business’s fifty day simple moving average is $340.54 and its 200 day simple moving average is $325.45. The stock has a market cap of $8.50 billion, a price-to-earnings ratio of 24.55 and a beta of 1.01.

Vanguard Russell 1000 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were issued a $0.8643 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $3.46 dividend on an annualized basis and a yield of 1.0%.

Institutional Investors Weigh In On Vanguard Russell 1000 ETF

A number of hedge funds have recently bought and sold shares of VONE. Keystone Financial Group raised its stake in Vanguard Russell 1000 ETF by 26.3% during the fourth quarter. Keystone Financial Group now owns 11,757 shares of the company’s stock valued at $3,634,000 after buying an additional 2,447 shares in the last quarter. World Investment Advisors acquired a new position in shares of Vanguard Russell 1000 ETF in the 4th quarter worth approximately $532,000. Concurrent Investment Advisors LLC bought a new stake in shares of Vanguard Russell 1000 ETF in the 4th quarter valued at approximately $1,783,000. Hilltop Partners LLC increased its holdings in shares of Vanguard Russell 1000 ETF by 13.5% in the 4th quarter. Hilltop Partners LLC now owns 248,504 shares of the company’s stock valued at $76,798,000 after acquiring an additional 29,550 shares during the last quarter. Finally, MGO One Seven LLC acquired a new stake in shares of Vanguard Russell 1000 ETF during the 4th quarter valued at approximately $2,217,000.

Vanguard Russell 1000 ETF Company Profile

The Vanguard Russell 1000 ETF (VONE) is an exchange-traded fund that is based on the Russell 1000 index, a market-cap-weighted index of the 1000 largest US companies. VONE was launched on Sep 20, 2010 and is managed by Vanguard.