Vanguard Russell 1000 Value ETF (NASDAQ:VONV) Hits New 52-Week High – Time to Buy?

Vanguard Russell 1000 Value ETF (NASDAQ:VONV)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $100.36 and last traded at $100.20, with a volume of 30018 shares changing hands. The stock had previously closed at $99.88.

Vanguard Russell 1000 Value ETF Stock Performance

The firm’s 50 day simple moving average is $96.66 and its 200-day simple moving average is $94.23. The company has a market capitalization of $17.77 billion, a price-to-earnings ratio of 19.46 and a beta of 0.85.

Vanguard Russell 1000 Value ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Tuesday, March 24th were paid a $0.4117 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.7%.

Hedge Funds Weigh In On Vanguard Russell 1000 Value ETF

A number of hedge funds have recently modified their holdings of VONV. YANKCOM Partnership acquired a new stake in shares of Vanguard Russell 1000 Value ETF in the fourth quarter worth about $25,000. WPG Advisers LLC bought a new stake in shares of Vanguard Russell 1000 Value ETF in the third quarter valued at about $26,000. Fairway Wealth LLC bought a new position in Vanguard Russell 1000 Value ETF during the third quarter worth about $32,000. Quadrant Capital Group LLC bought a new position in Vanguard Russell 1000 Value ETF during the fourth quarter worth about $33,000. Finally, Victory Capital Management Inc. lifted its stake in Vanguard Russell 1000 Value ETF by 139.6% during the third quarter. Victory Capital Management Inc. now owns 448 shares of the company’s stock worth $40,000 after purchasing an additional 261 shares during the period.

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.