Vanguard Russell 1000 Value ETF (NASDAQ:VONV) Sets New 12-Month High – Should You Buy?

Shares of Vanguard Russell 1000 Value ETF (NASDAQ:VONV) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $109.34 and last traded at $108.62, with a volume of 1066092 shares trading hands. The stock had previously closed at $108.40.

Vanguard Russell 1000 Value ETF Price Performance

The company has a 50-day moving average of $104.43 and a two-hundred day moving average of $99.00. The company has a market capitalization of $20.58 billion, a PE ratio of 19.46 and a beta of 0.84.

Vanguard Russell 1000 Value ETF Cuts Dividend

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

Hedge Funds Weigh In On Vanguard Russell 1000 Value ETF

Several institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in shares of Vanguard Russell 1000 Value ETF by 1,284.2% during the third quarter. Wellington Management Group LLP now owns 5,275,187 shares of the company’s stock worth $471,443,000 after purchasing an additional 4,894,074 shares during the last quarter. Bank of America Corp DE raised its position in Vanguard Russell 1000 Value ETF by 14.7% during the 2nd quarter. Bank of America Corp DE now owns 27,652,296 shares of the company’s stock worth $2,356,252,000 after buying an additional 3,543,885 shares during the last quarter. Valpey Financial Services LLC raised its position in Vanguard Russell 1000 Value ETF by 9,192.2% during the fourth quarter. Valpey Financial Services LLC now owns 3,458,565 shares of the company’s stock valued at $319,226,000 after acquiring an additional 3,421,345 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Vanguard Russell 1000 Value ETF by 227.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,684,203 shares of the company’s stock valued at $247,752,000 after buying an additional 1,865,509 shares in the last quarter. Finally, OpenArc Corporate Advisory LLC acquired a new position in shares of Vanguard Russell 1000 Value ETF during the 4th quarter worth about $135,878,000.

Vanguard Russell 1000 Value ETF Company Profile

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.