Vanguard Russell 1000 Value ETF (NASDAQ:VONV) Reaches New 1-Year High – Still a Buy?

Shares of Vanguard Russell 1000 Value ETF (NASDAQ:VONV) hit a new 52-week high on Monday . The company traded as high as $109.87 and last traded at $109.80, with a volume of 41964 shares changing hands. The stock had previously closed at $108.85.

Vanguard Russell 1000 Value ETF Trading Up 0.9%

The firm has a market cap of $20.71 billion, a PE ratio of 19.46 and a beta of 0.84. The stock’s 50 day moving average price is $106.47 and its 200 day moving average price is $100.63.

Vanguard Russell 1000 Value ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 18th were paid a dividend of $0.4102 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Thursday, June 18th.

Institutional Investors Weigh In On Vanguard Russell 1000 Value ETF

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

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.