Vanguard Russell 1000 Value ETF (NASDAQ:VONV) Sees Unusually-High Trading Volume – Here’s Why

Vanguard Russell 1000 Value ETF (NASDAQ:VONV) shares saw strong trading volume on Friday . Approximately 2,982,562 shares traded hands during trading, an increase of 128% from the previous session’s volume of 1,305,347 shares.The stock last traded at $108.97 and had previously closed at $109.38.

Vanguard Russell 1000 Value ETF Stock Down 0.6%

The firm has a market capitalization of $20.38 billion, a price-to-earnings ratio of 19.46 and a beta of 0.84. The business’s fifty day moving average is $105.58 and its 200 day moving average is $99.82.

Vanguard Russell 1000 Value ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were given a $0.4102 dividend. 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.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in VONV. Allspring Global Investments Holdings LLC boosted its position in Vanguard Russell 1000 Value ETF by 29.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 75,009 shares of the company’s stock worth $6,985,000 after purchasing an additional 17,173 shares during the period. Fulton Bank N.A. raised its position in shares of Vanguard Russell 1000 Value ETF by 20.6% in the fourth quarter. Fulton Bank N.A. now owns 35,318 shares of the company’s stock valued at $3,260,000 after purchasing an additional 6,040 shares during the period. JPMorgan Chase & Co. raised its position in shares of Vanguard Russell 1000 Value ETF by 2.0% in the third quarter. JPMorgan Chase & Co. now owns 588,931 shares of the company’s stock valued at $52,633,000 after purchasing an additional 11,704 shares during the period. Aaron Wealth Advisors LLC lifted its stake in shares of Vanguard Russell 1000 Value ETF by 8.2% during the 4th quarter. Aaron Wealth Advisors LLC now owns 876,547 shares of the company’s stock worth $80,905,000 after buying an additional 66,229 shares during the last quarter. Finally, WestHill Financial Advisors Inc. lifted its stake in shares of Vanguard Russell 1000 Value ETF by 0.7% during the 4th quarter. WestHill Financial Advisors Inc. now owns 751,666 shares of the company’s stock worth $69,379,000 after buying an additional 5,403 shares during the last quarter.

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.