Vanguard Russell 1000 Value ETF (NASDAQ:VONV) Reaches New 1-Year High – Here’s Why

Vanguard Russell 1000 Value ETF (NASDAQ:VONV)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $104.81 and last traded at $104.37, with a volume of 457630 shares. The stock had previously closed at $104.58.

Vanguard Russell 1000 Value ETF Stock Performance

The stock has a market capitalization of $18.62 billion, a price-to-earnings ratio of 19.46 and a beta of 0.84. The company has a fifty day simple moving average of $98.73 and a two-hundred day simple moving average of $95.97.

Vanguard Russell 1000 Value ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 24th were issued a $0.4117 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $1.65 annualized dividend and a yield of 1.6%.

Hedge Funds Weigh In On Vanguard Russell 1000 Value ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Atlanta Consulting Group Advisors LLC raised its holdings in shares of Vanguard Russell 1000 Value ETF by 0.8% during the 4th quarter. Atlanta Consulting Group Advisors LLC now owns 13,337 shares of the company’s stock worth $1,231,000 after buying an additional 108 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Vanguard Russell 1000 Value ETF by 1.5% during the 1st quarter. Bank of New York Mellon Corp now owns 7,449 shares of the company’s stock worth $698,000 after buying an additional 109 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Vanguard Russell 1000 Value ETF by 20.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 693 shares of the company’s stock worth $64,000 after buying an additional 117 shares in the last quarter. Balefire LLC raised its holdings in shares of Vanguard Russell 1000 Value ETF by 3.0% during the 1st quarter. Balefire LLC now owns 4,137 shares of the company’s stock worth $388,000 after buying an additional 120 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Vanguard Russell 1000 Value ETF by 9.2% during the 1st quarter. Assetmark Inc. now owns 1,433 shares of the company’s stock worth $134,000 after buying an additional 121 shares in the last quarter.

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.