Pinnacle Wealth Management Advisory Group LLC Invests $488,000 in Vanguard Russell 1000 Value (NASDAQ:VONV)

Pinnacle Wealth Management Advisory Group LLC bought a new stake in shares of Vanguard Russell 1000 Value (NASDAQ:VONV) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,727 shares of the company’s stock, valued at approximately $488,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VONV. Macroview Investment Management LLC boosted its stake in Vanguard Russell 1000 Value by 947.7% in the 4th quarter. Macroview Investment Management LLC now owns 11,954 shares of the company’s stock worth $867,000 after purchasing an additional 10,813 shares during the period. Windward Private Wealth Management Inc. grew its stake in Vanguard Russell 1000 Value by 6.6% during the fourth quarter. Windward Private Wealth Management Inc. now owns 275,866 shares of the company’s stock valued at $20,011,000 after acquiring an additional 17,093 shares in the last quarter. Curtis Advisory Group LLC purchased a new stake in Vanguard Russell 1000 Value in the 4th quarter worth $4,454,000. Bruce G. Allen Investments LLC bought a new position in shares of Vanguard Russell 1000 Value during the 4th quarter valued at about $1,495,000. Finally, New York Life Investment Management LLC bought a new stake in shares of Vanguard Russell 1000 Value in the fourth quarter worth about $16,040,000.

Vanguard Russell 1000 Value Stock Up 0.7 %

NASDAQ VONV traded up $0.50 during trading on Thursday, hitting $77.34. 229,811 shares of the stock traded hands, compared to its average volume of 382,488. The company has a market capitalization of $8.29 billion, a P/E ratio of 17.49 and a beta of 0.95. Vanguard Russell 1000 Value has a 12-month low of $62.92 and a 12-month high of $78.81. The firm has a 50-day simple moving average of $76.48 and a 200-day simple moving average of $72.62.

Vanguard Russell 1000 Value Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 22nd were paid a $0.335 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.73%.

Vanguard Russell 1000 Value 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.