First Merchants Corp Grows Stock Holdings in Vanguard Russell 1000 Value ETF $VONV

First Merchants Corp lifted its stake in shares of Vanguard Russell 1000 Value ETF (NASDAQ:VONV) by 11.0% during the first quarter, HoldingsChannel.com reports. The fund owned 97,100 shares of the company’s stock after buying an additional 9,600 shares during the quarter. First Merchants Corp’s holdings in Vanguard Russell 1000 Value ETF were worth $9,102,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP raised its stake in shares of 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 valued at $471,443,000 after acquiring an additional 4,894,074 shares in the last quarter. Bank of America Corp DE grew its stake in Vanguard Russell 1000 Value ETF by 14.7% in the second quarter. Bank of America Corp DE now owns 27,652,296 shares of the company’s stock worth $2,356,252,000 after purchasing an additional 3,543,885 shares in the last quarter. Valpey Financial Services LLC grew 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 worth $319,226,000 after purchasing an additional 3,421,345 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Vanguard Russell 1000 Value ETF by 227.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,684,203 shares of the company’s stock worth $247,752,000 after purchasing an additional 1,865,509 shares during the period. Finally, OpenArc Corporate Advisory LLC purchased a new position in Vanguard Russell 1000 Value ETF during the 4th quarter worth $135,878,000.

Vanguard Russell 1000 Value ETF Price Performance

Shares of NASDAQ VONV opened at $106.14 on Monday. The business has a fifty day simple moving average of $102.46 and a two-hundred day simple moving average of $97.76. The firm has a market cap of $18.94 billion, a PE ratio of 19.46 and a beta of 0.84. Vanguard Russell 1000 Value ETF has a twelve month low of $82.73 and a twelve month high of $108.02.

Vanguard Russell 1000 Value ETF Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 18th will be paid a dividend of $0.4102 per share. The ex-dividend date is Thursday, June 18th. This represents a $1.64 annualized dividend and a dividend yield of 1.5%.

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.