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

Vanguard Russell 1000 Value ETF (NASDAQ:VONV) reached a new 52-week high on Thursday . The company traded as high as $104.81 and last traded at $104.37, with a volume of 457630 shares. The stock had previously closed at $104.58.

Vanguard Russell 1000 Value ETF Stock Performance

The stock has a market cap of $18.63 billion, a PE ratio of 19.46 and a beta of 0.84. The stock has a fifty day simple moving average of $99.11 and a two-hundred day simple moving average of $96.13.

Vanguard Russell 1000 Value ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 24th were issued a $0.4117 dividend. This represents a $1.65 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, March 24th.

Hedge Funds Weigh In On Vanguard Russell 1000 Value ETF

A number of institutional investors and hedge funds have recently bought and sold shares of VONV. Wellington Management Group LLP boosted its holdings in Vanguard Russell 1000 Value ETF by 1,284.2% in the 3rd quarter. Wellington Management Group LLP now owns 5,275,187 shares of the company’s stock worth $471,443,000 after acquiring an additional 4,894,074 shares during the period. Bank of America Corp DE raised its position in shares of Vanguard Russell 1000 Value ETF by 14.7% in 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 purchasing an additional 3,543,885 shares in the last quarter. Valpey Financial Services LLC raised its position in shares of Vanguard Russell 1000 Value ETF by 9,192.2% in the 4th quarter. Valpey Financial Services LLC now owns 3,458,565 shares of the company’s stock valued at $319,226,000 after purchasing an additional 3,421,345 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Vanguard Russell 1000 Value ETF by 227.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,684,203 shares of the company’s stock valued at $247,752,000 after purchasing 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 in the 4th quarter valued at approximately $135,878,000.

About Vanguard Russell 1000 Value ETF

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.