Franklin Resources Inc. Grows Holdings in Vanguard Russell 1000 Value (NASDAQ:VONV)

Franklin Resources Inc. lifted its position in shares of Vanguard Russell 1000 Value (NASDAQ:VONV) by 3,363.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,262,765 shares of the company’s stock after buying an additional 1,226,301 shares during the quarter. Franklin Resources Inc. owned approximately 1.03% of Vanguard Russell 1000 Value worth $102,600,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Synergy Asset Management LLC purchased a new stake in Vanguard Russell 1000 Value in the 4th quarter worth approximately $25,000. WFA Asset Management Corp purchased a new stake in shares of Vanguard Russell 1000 Value in the fourth quarter valued at $26,000. Lee Danner & Bass Inc. acquired a new position in Vanguard Russell 1000 Value in the fourth quarter valued at $30,000. Guardian Wealth Management Inc. lifted its position in Vanguard Russell 1000 Value by 39.3% during the third quarter. Guardian Wealth Management Inc. now owns 560 shares of the company’s stock worth $47,000 after buying an additional 158 shares during the period. Finally, Crews Bank & Trust acquired a new stake in Vanguard Russell 1000 Value in the 4th quarter worth about $46,000.

Vanguard Russell 1000 Value Price Performance

Shares of VONV stock opened at $83.11 on Thursday. The firm’s 50-day simple moving average is $83.94 and its 200-day simple moving average is $83.82. Vanguard Russell 1000 Value has a 1-year low of $74.11 and a 1-year high of $87.97. The firm has a market cap of $10.91 billion, a P/E ratio of 19.33 and a beta of 0.95.

Vanguard Russell 1000 Value Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were issued a $0.3843 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 1.85%.

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.