Vanguard Russell 1000 Value ETF (NASDAQ:VONV) Hits New 12-Month High – Time to Buy?

Shares of Vanguard Russell 1000 Value ETF (NASDAQ:VONV) hit a new 52-week high during trading on Monday . The company traded as high as $113.32 and last traded at $113.32, with a volume of 132382 shares trading hands. The stock had previously closed at $112.97.

Vanguard Russell 1000 Value ETF Price Performance

The company has a fifty day moving average price of $108.04 and a two-hundred day moving average price of $101.77. The company has a market capitalization of $21.20 billion, a P/E ratio of 19.46 and a beta of 0.83.

Vanguard Russell 1000 Value ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 18th were issued a dividend of $0.4102 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, June 18th.

Hedge Funds Weigh In On Vanguard Russell 1000 Value ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sapient Capital LLC lifted its holdings in shares of Vanguard Russell 1000 Value ETF by 62.0% during the second quarter. Sapient Capital LLC now owns 25,504 shares of the company’s stock worth $2,711,000 after purchasing an additional 9,761 shares during the period. Allied Private Wealth LLC acquired a new stake in Vanguard Russell 1000 Value ETF in the second quarter valued at $83,000. Jacobs & Co. CA acquired a new stake in Vanguard Russell 1000 Value ETF in the second quarter valued at $220,000. Hardin Capital Partners LLC bought a new position in Vanguard Russell 1000 Value ETF during the 2nd quarter worth $331,000. Finally, Foster Group Inc. bought a new position in Vanguard Russell 1000 Value ETF during the 2nd quarter worth $221,000.

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.