Vanguard Russell 1000 Value ETF (NASDAQ:VONV) Sees Large Volume Increase – Here’s Why

Vanguard Russell 1000 Value ETF (NASDAQ:VONV) saw unusually-high trading volume on Friday . 2,982,562 shares changed hands during trading, an increase of 128% from the previous session’s volume of 1,305,347 shares.The stock last traded at $108.97 and had previously closed at $109.38.

Vanguard Russell 1000 Value ETF Stock Performance

The company has a market cap of $20.40 billion, a price-to-earnings ratio of 19.46 and a beta of 0.84. The business has a 50-day simple moving average of $105.45 and a 200-day simple moving average of $99.76.

Vanguard Russell 1000 Value ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. YANKCOM Partnership acquired a new stake in shares of Vanguard Russell 1000 Value ETF in the 4th quarter valued at $25,000. Quadrant Capital Group LLC acquired a new position in shares of Vanguard Russell 1000 Value ETF during the fourth quarter worth $33,000. Victory Capital Management Inc. increased its holdings in Vanguard Russell 1000 Value ETF by 139.6% in the third quarter. Victory Capital Management Inc. now owns 448 shares of the company’s stock valued at $40,000 after buying an additional 261 shares during the last quarter. Newbridge Financial Services Group Inc. increased its holdings in Vanguard Russell 1000 Value ETF by 355.0% in the third quarter. Newbridge Financial Services Group Inc. now owns 455 shares of the company’s stock valued at $41,000 after buying an additional 355 shares during the last quarter. Finally, Optima Capital LLC acquired a new stake in Vanguard Russell 1000 Value ETF in the fourth quarter valued at $45,000.

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.