Modern Wealth Management LLC Reduces Stake in Vanguard Russell 1000 ETF $VONE

Modern Wealth Management LLC lowered its stake in Vanguard Russell 1000 ETF (NASDAQ:VONE) by 39.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,401 shares of the company’s stock after selling 37,389 shares during the quarter. Modern Wealth Management LLC owned approximately 0.25% of Vanguard Russell 1000 ETF worth $17,359,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Apella Capital LLC grew its holdings in shares of Vanguard Russell 1000 ETF by 12.0% in the 4th quarter. Apella Capital LLC now owns 285,228 shares of the company’s stock worth $88,147,000 after acquiring an additional 30,645 shares during the period. 1900 Wealth Management LLC raised its holdings in Vanguard Russell 1000 ETF by 4.4% during the fourth quarter. 1900 Wealth Management LLC now owns 71,887 shares of the company’s stock worth $22,216,000 after purchasing an additional 3,044 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new stake in Vanguard Russell 1000 ETF during the fourth quarter worth $1,783,000. MGO One Seven LLC purchased a new stake in Vanguard Russell 1000 ETF during the fourth quarter worth $2,217,000. Finally, World Investment Advisors purchased a new stake in Vanguard Russell 1000 ETF during the fourth quarter worth $532,000.

Vanguard Russell 1000 ETF Stock Performance

Vanguard Russell 1000 ETF stock opened at $333.88 on Friday. Vanguard Russell 1000 ETF has a fifty-two week low of $281.49 and a fifty-two week high of $343.25. The firm has a market capitalization of $8.18 billion, a price-to-earnings ratio of 24.55 and a beta of 1.01. The stock’s fifty day moving average is $336.98 and its two-hundred day moving average is $320.61.

Vanguard Russell 1000 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were paid a $0.8643 dividend. This represents a $3.46 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, June 18th.

About Vanguard Russell 1000 ETF

The Vanguard Russell 1000 ETF (VONE) is an exchange-traded fund that is based on the Russell 1000 index, a market-cap-weighted index of the 1000 largest US companies. VONE was launched on Sep 20, 2010 and is managed by Vanguard.