Vanguard Russell 1000 ETF (NASDAQ:VONE) Reaches New 52-Week High – Time to Buy?

Vanguard Russell 1000 ETF (NASDAQ:VONE)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $351.52 and last traded at $351.52, with a volume of 1066 shares. The stock had previously closed at $350.10.

Vanguard Russell 1000 ETF Price Performance

The firm’s 50 day moving average is $338.23 and its two-hundred day moving average is $323.24. The firm has a market capitalization of $8.57 billion, a P/E ratio of 24.55 and a beta of 1.01.

Vanguard Russell 1000 ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VONE. Morgan Stanley increased its stake in shares of Vanguard Russell 1000 ETF by 3.1% during the 4th quarter. Morgan Stanley now owns 1,201,654 shares of the company’s stock worth $371,360,000 after purchasing an additional 36,686 shares during the last quarter. UBS Group AG grew its holdings in Vanguard Russell 1000 ETF by 3.9% during the fourth quarter. UBS Group AG now owns 792,987 shares of the company’s stock worth $245,065,000 after purchasing an additional 29,875 shares during the period. Ameriprise Financial Inc. increased its position in Vanguard Russell 1000 ETF by 2.0% during the second quarter. Ameriprise Financial Inc. now owns 786,779 shares of the company’s stock worth $220,974,000 after buying an additional 15,054 shares during the last quarter. Stifel Financial Corp raised its stake in Vanguard Russell 1000 ETF by 5.2% in the fourth quarter. Stifel Financial Corp now owns 462,141 shares of the company’s stock valued at $142,823,000 after buying an additional 23,011 shares during the period. Finally, Jordan Park Group LLC raised its stake in Vanguard Russell 1000 ETF by 8.2% in the fourth quarter. Jordan Park Group LLC now owns 375,997 shares of the company’s stock valued at $116,198,000 after buying an additional 28,583 shares during the period.

Vanguard Russell 1000 ETF Company Profile

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.