Vanguard Russell 1000 Value ETF (NASDAQ:VONV) Sets New 52-Week High – Time to Buy?

Vanguard Russell 1000 Value ETF (NASDAQ:VONV) shares reached a new 52-week high on Tuesday . The stock traded as high as $98.77 and last traded at $98.57, with a volume of 1047062 shares. The stock had previously closed at $98.55.

Vanguard Russell 1000 Value ETF Stock Performance

The firm has a market capitalization of $15.51 billion, a P/E ratio of 19.46 and a beta of 0.89. The stock has a fifty day moving average price of $94.45 and a two-hundred day moving average price of $90.76.

Vanguard Russell 1000 Value ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Monday, December 22nd were given a dividend of $0.4916 per share. This represents a $1.97 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Monday, December 22nd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its holdings in shares of Vanguard Russell 1000 Value ETF by 1,284.2% during the third quarter. Wellington Management Group LLP now owns 5,275,187 shares of the company’s stock valued at $471,443,000 after acquiring an additional 4,894,074 shares during the period. Bank of America Corp DE lifted its holdings in Vanguard Russell 1000 Value ETF by 14.7% in the second quarter. Bank of America Corp DE now owns 27,652,296 shares of the company’s stock worth $2,356,252,000 after purchasing an additional 3,543,885 shares during the period. Phoenix Financial Ltd. bought a new stake in shares of Vanguard Russell 1000 Value ETF during the 3rd quarter worth about $259,530,000. Symphony Financial Ltd. Co. raised its position in shares of Vanguard Russell 1000 Value ETF by 9,783.3% during the 2nd quarter. Symphony Financial Ltd. Co. now owns 635,005 shares of the company’s stock worth $54,163,000 after buying an additional 628,580 shares in the last quarter. Finally, Brio Consultants LLC bought a new position in shares of Vanguard Russell 1000 Value ETF in the second quarter valued at approximately $28,367,000.

Vanguard Russell 1000 Value ETF Company 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.