Gateway Wealth Partners LLC Makes New $1.18 Million Investment in Vanguard Russell 1000 Value ETF $VONV

Gateway Wealth Partners LLC bought a new stake in Vanguard Russell 1000 Value ETF (NASDAQ:VONV) in the 1st quarter, HoldingsChannel reports. The firm bought 12,537 shares of the company’s stock, valued at approximately $1,175,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. YANKCOM Partnership purchased a new position in shares of Vanguard Russell 1000 Value ETF during the 4th quarter worth $25,000. Quadrant Capital Group LLC purchased a new stake in shares of Vanguard Russell 1000 Value ETF in the fourth quarter valued at about $33,000. Victory Capital Management Inc. grew its holdings in shares of 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 purchasing an additional 261 shares during the period. Newbridge Financial Services Group Inc. grew its holdings in shares of 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 purchasing an additional 355 shares during the period. Finally, Optima Capital LLC acquired a new stake in Vanguard Russell 1000 Value ETF during the fourth quarter worth about $45,000.

Vanguard Russell 1000 Value ETF Price Performance

Shares of VONV stock opened at $110.50 on Wednesday. The company has a market capitalization of $20.71 billion, a PE ratio of 19.46 and a beta of 0.84. The firm’s 50-day moving average is $106.47 and its two-hundred day moving average is $100.63. Vanguard Russell 1000 Value ETF has a 12 month low of $84.13 and a 12 month high of $110.82.

Vanguard Russell 1000 Value ETF Cuts Dividend

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

Vanguard Russell 1000 Value ETF 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.