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

Vanguard Russell 1000 Value ETF (NASDAQ:VONV) reached a new 52-week high on Thursday. The stock traded as high as $114.21 and last traded at $114.1590, with a volume of 193,799 shares. The stock had previously closed at $113.48.

Vanguard Russell 1000 Value ETF Stock Performance

The stock has a market cap of $22.61 billion, a P/E ratio of 19.46 and a beta of 0.84. The firm has a 50 day moving average of $111.79 and a two-hundred day moving average of $104.48.

Institutional Investors Weigh In On Vanguard Russell 1000 Value ETF

Several hedge funds have recently modified their holdings of VONV. Envestnet Asset Management Inc. increased its stake in Vanguard Russell 1000 Value ETF by 6.9% in the second quarter. Envestnet Asset Management Inc. now owns 2,396,918 shares of the company’s stock valued at $254,773,000 after acquiring an additional 153,940 shares during the period. Global Strategic Investment Solutions LLC lifted its stake in Vanguard Russell 1000 Value ETF by 1.5% during the first quarter. Global Strategic Investment Solutions LLC now owns 915,963 shares of the company’s stock worth $85,862,000 after purchasing an additional 13,401 shares during the period. Royal Bank of Canada lifted its stake in Vanguard Russell 1000 Value ETF by 12.1% during the first quarter. Royal Bank of Canada now owns 708,137 shares of the company’s stock worth $66,379,000 after purchasing an additional 76,564 shares during the period. Bernardo Wealth Planning LLC boosted its holdings in Vanguard Russell 1000 Value ETF by 88.2% during the third quarter. Bernardo Wealth Planning LLC now owns 643,322 shares of the company’s stock valued at $69,929,000 after purchasing an additional 301,556 shares in the last quarter. Finally, Hapanowicz & Associates Financial Services Inc boosted its holdings in Vanguard Russell 1000 Value ETF by 0.9% during the first quarter. Hapanowicz & Associates Financial Services Inc now owns 615,768 shares of the company’s stock valued at $57,722,000 after purchasing an additional 5,651 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.