Vanguard Russell 2000 ETF (NASDAQ:VTWO) Sees Unusually-High Trading Volume – Still a Buy?

Vanguard Russell 2000 ETF (NASDAQ:VTWO) saw unusually-strong trading volume on Friday . Approximately 6,591,539 shares traded hands during trading, an increase of 93% from the previous session’s volume of 3,417,803 shares.The stock last traded at $119.25 and had previously closed at $119.52.

Vanguard Russell 2000 ETF Trading Down 0.5%

The company’s 50-day simple moving average is $117.49 and its 200 day simple moving average is $109.65. The stock has a market cap of $17.51 billion, a P/E ratio of 16.60 and a beta of 1.10.

Vanguard Russell 2000 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were issued a dividend of $0.3014 per share. This represents a $1.21 dividend on an annualized basis and a yield of 1.0%. This is a boost from Vanguard Russell 2000 ETF’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, June 18th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its holdings in Vanguard Russell 2000 ETF by 8.1% in the 4th quarter. Bank of America Corp DE now owns 29,521,917 shares of the company’s stock valued at $2,938,021,000 after purchasing an additional 2,204,005 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Vanguard Russell 2000 ETF by 72.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,363,151 shares of the company’s stock worth $334,701,000 after purchasing an additional 1,413,739 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Vanguard Russell 2000 ETF during the fourth quarter worth about $121,029,000. HighTower Advisors LLC raised its stake in Vanguard Russell 2000 ETF by 1,219.4% in the fourth quarter. HighTower Advisors LLC now owns 632,963 shares of the company’s stock valued at $62,993,000 after purchasing an additional 584,990 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Vanguard Russell 2000 ETF in the fourth quarter valued at approximately $51,401,000.

Vanguard Russell 2000 ETF Company Profile

The Vanguard Russell 2000 ETF (VTWO) is an exchange-traded fund that is based on the Russell 2000 index, a market-cap-weighted index of US small-cap stocks VTWO was launched on Sep 20, 2010 and is managed by Vanguard.