Royal Bank of Canada Has $56.93 Million Position in Vanguard Russell 1000 Value (NASDAQ:VONV)

Royal Bank of Canada increased its stake in shares of Vanguard Russell 1000 Value (NASDAQ:VONV) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 700,666 shares of the company’s stock after purchasing an additional 32,524 shares during the quarter. Royal Bank of Canada owned approximately 0.57% of Vanguard Russell 1000 Value worth $56,929,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in shares of Vanguard Russell 1000 Value by 17.2% during the fourth quarter. Bank of America Corp DE now owns 23,515,240 shares of the company’s stock worth $1,910,613,000 after purchasing an additional 3,443,350 shares during the period. TIAA Trust National Association boosted its holdings in shares of Vanguard Russell 1000 Value by 2.2% during the fourth quarter. TIAA Trust National Association now owns 3,973,639 shares of the company’s stock worth $322,858,000 after purchasing an additional 87,421 shares during the period. SageView Advisory Group LLC boosted its holdings in shares of Vanguard Russell 1000 Value by 18.3% during the fourth quarter. SageView Advisory Group LLC now owns 2,369,344 shares of the company’s stock worth $192,509,000 after purchasing an additional 366,318 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Vanguard Russell 1000 Value by 1.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,216,616 shares of the company’s stock worth $180,100,000 after purchasing an additional 27,759 shares during the period. Finally, LPL Financial LLC boosted its holdings in shares of Vanguard Russell 1000 Value by 6.4% during the fourth quarter. LPL Financial LLC now owns 1,526,119 shares of the company’s stock worth $123,997,000 after purchasing an additional 92,108 shares during the period.

Vanguard Russell 1000 Value Stock Performance

VONV stock opened at $83.81 on Wednesday. The stock has a market cap of $11.64 billion, a P/E ratio of 19.31 and a beta of 0.95. The firm has a 50 day simple moving average of $80.19 and a 200 day simple moving average of $82.80. Vanguard Russell 1000 Value has a 52 week low of $71.68 and a 52 week high of $87.97.

Vanguard Russell 1000 Value Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were given a dividend of $0.3843 per share. This represents a $1.54 annualized dividend and a yield of 1.83%. The ex-dividend date was Tuesday, March 25th.

About Vanguard Russell 1000 Value

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.