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

Vanguard Russell 1000 ETF (NASDAQ:VONE) shares saw unusually-strong trading volume on Friday . Approximately 236,254 shares traded hands during trading, an increase of 121% from the previous session’s volume of 106,882 shares.The stock last traded at $288.82 and had previously closed at $292.62.

Vanguard Russell 1000 ETF Stock Performance

The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 24.55 and a beta of 1.02. The company has a 50-day simple moving average of $308.09 and a two-hundred day simple moving average of $307.02.

Vanguard Russell 1000 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Tuesday, March 24th were paid a $0.8739 dividend. This is a boost from Vanguard Russell 1000 ETF’s previous quarterly dividend of $0.87. This represents a $3.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, March 24th.

Hedge Funds Weigh In On Vanguard Russell 1000 ETF

Institutional investors have recently added to or reduced their stakes in the company. Compass Wealth Management LLC increased its stake in shares of Vanguard Russell 1000 ETF by 1,798.8% during the 3rd quarter. Compass Wealth Management LLC now owns 59,337 shares of the company’s stock worth $17,941,000 after purchasing an additional 56,212 shares during the last quarter. Miracle Mile Advisors LLC bought a new stake in shares of Vanguard Russell 1000 ETF in the 3rd quarter valued at about $834,000. Sovereign Financial Group Inc. acquired a new stake in Vanguard Russell 1000 ETF in the 3rd quarter valued at about $520,000. Formulate Financial LLC acquired a new stake in Vanguard Russell 1000 ETF in the 3rd quarter valued at about $2,196,000. Finally, Apella Capital LLC increased its position in Vanguard Russell 1000 ETF by 21.6% during the third quarter. Apella Capital LLC now owns 254,583 shares of the company’s stock worth $76,334,000 after buying an additional 45,223 shares during the last quarter.

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.