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

Shares of Vanguard Russell 1000 ETF (NASDAQ:VONE) saw unusually-high trading volume on Friday . Approximately 396,154 shares were traded during trading, an increase of 261% from the previous session’s volume of 109,868 shares.The stock last traded at $308.65 and had previously closed at $308.78.

Vanguard Russell 1000 ETF Stock Up 0.2%

The company’s 50-day simple moving average is $311.81 and its 200 day simple moving average is $303.84. The company has a market capitalization of $7.41 billion, a P/E ratio of 24.55 and a beta of 1.02.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Focus Partners Wealth lifted its stake in shares of Vanguard Russell 1000 ETF by 20,765.5% in the third quarter. Focus Partners Wealth now owns 8,677,739 shares of the company’s stock worth $2,623,714,000 after buying an additional 8,636,150 shares during the last quarter. Morgan Stanley raised its holdings in Vanguard Russell 1000 ETF by 3.1% in the 4th quarter. Morgan Stanley now owns 1,201,654 shares of the company’s stock worth $371,360,000 after acquiring an additional 36,686 shares during the period. Ameriprise Financial Inc. lifted its position in Vanguard Russell 1000 ETF by 1.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 797,115 shares of the company’s stock worth $240,993,000 after acquiring an additional 10,336 shares during the last quarter. UBS Group AG lifted its position in Vanguard Russell 1000 ETF by 3.9% during the 4th quarter. UBS Group AG now owns 792,987 shares of the company’s stock worth $245,065,000 after acquiring an additional 29,875 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Vanguard Russell 1000 ETF by 106.0% during the second quarter. Bank of New York Mellon Corp now owns 520,090 shares of the company’s stock valued at $146,072,000 after acquiring an additional 267,630 shares during the period.

About Vanguard Russell 1000 ETF

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.