Vanguard Russell 1000 Value ETF (NASDAQ:VONV) Hits New 12-Month High – Here’s Why

Vanguard Russell 1000 Value ETF (NASDAQ:VONV) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $109.34 and last traded at $108.62, with a volume of 1066092 shares trading hands. The stock had previously closed at $108.40.

Vanguard Russell 1000 Value ETF Stock Up 0.5%

The stock has a 50-day simple moving average of $104.75 and a two-hundred day simple moving average of $99.21. The firm has a market cap of $20.25 billion, a PE ratio of 19.46 and a beta of 0.84.

Vanguard Russell 1000 Value ETF Cuts Dividend

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

Institutional Trading of Vanguard Russell 1000 Value ETF

Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Vanguard Russell 1000 Value ETF by 29.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 75,009 shares of the company’s stock valued at $6,985,000 after purchasing an additional 17,173 shares in the last quarter. Fulton Bank N.A. raised its position in Vanguard Russell 1000 Value ETF by 20.6% in the 4th quarter. Fulton Bank N.A. now owns 35,318 shares of the company’s stock worth $3,260,000 after purchasing an additional 6,040 shares during the period. JPMorgan Chase & Co. raised its position in Vanguard Russell 1000 Value ETF by 2.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 588,931 shares of the company’s stock worth $52,633,000 after purchasing an additional 11,704 shares during the period. WestHill Financial Advisors Inc. lifted its stake in shares of Vanguard Russell 1000 Value ETF by 0.7% in the 4th quarter. WestHill Financial Advisors Inc. now owns 751,666 shares of the company’s stock valued at $69,379,000 after acquiring an additional 5,403 shares during the last quarter. Finally, Aaron Wealth Advisors LLC lifted its position in Vanguard Russell 1000 Value ETF by 8.2% in the fourth quarter. Aaron Wealth Advisors LLC now owns 876,547 shares of the company’s stock valued at $80,905,000 after purchasing an additional 66,229 shares during the last quarter.

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.