Vanguard Russell 1000 Value ETF (NASDAQ:VONV) Hits New 1-Year High – What’s Next?

Shares of Vanguard Russell 1000 Value ETF (NASDAQ:VONVGet Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $111.56 and last traded at $111.36, with a volume of 28918 shares trading hands. The stock had previously closed at $110.42.

Vanguard Russell 1000 Value ETF Trading Up 0.8%

The firm has a market cap of $20.86 billion, a price-to-earnings ratio of 19.46 and a beta of 0.84. The stock has a 50-day moving average of $106.88 and a 200-day moving average of $100.94.

Vanguard Russell 1000 Value ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 18th were given 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 was Thursday, June 18th.

Institutional Investors Weigh In On Vanguard Russell 1000 Value ETF

Several hedge funds have recently modified their holdings of VONV. Wellington Management Group LLP boosted its stake in 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 buying an additional 4,894,074 shares in the last quarter. Bank of America Corp DE boosted its position in shares of 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 valued at $2,356,252,000 after acquiring an additional 3,543,885 shares in the last quarter. Valpey Financial Services LLC increased its stake in Vanguard Russell 1000 Value ETF by 9,192.2% in 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 during the period. Goldman Sachs Group Inc. increased its stake in 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 acquiring an additional 1,865,509 shares during the period. Finally, OpenArc Corporate Advisory LLC acquired a new position in Vanguard Russell 1000 Value ETF in the fourth quarter worth about $135,878,000.

Vanguard Russell 1000 Value ETF Company Profile

(Get Free Report)

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.

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