Valpey Financial Services LLC Buys 3,421,345 Shares of Vanguard Russell 1000 Value ETF $VONV

Valpey Financial Services LLC increased its stake in shares of Vanguard Russell 1000 Value ETF (NASDAQ:VONV) by 9,192.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,458,565 shares of the company’s stock after purchasing an additional 3,421,345 shares during the period. Vanguard Russell 1000 Value ETF comprises about 1.7% of Valpey Financial Services LLC’s holdings, making the stock its 13th biggest position. Valpey Financial Services LLC’s holdings in Vanguard Russell 1000 Value ETF were worth $319,226,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Asset Management One Co. Ltd. boosted its position in shares of Vanguard Russell 1000 Value ETF by 20.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 693 shares of the company’s stock worth $64,000 after acquiring an additional 117 shares during the last quarter. Pinnacle Financial Partners Inc. boosted its position in shares of Vanguard Russell 1000 Value ETF by 0.7% during the third quarter. Pinnacle Financial Partners Inc. now owns 18,544 shares of the company’s stock worth $1,657,000 after acquiring an additional 132 shares during the last quarter. Intrua Financial LLC boosted its position in shares of Vanguard Russell 1000 Value ETF by 6.2% during the fourth quarter. Intrua Financial LLC now owns 2,393 shares of the company’s stock worth $221,000 after acquiring an additional 140 shares during the last quarter. MGO One Seven LLC lifted its position in Vanguard Russell 1000 Value ETF by 4.0% during the fourth quarter. MGO One Seven LLC now owns 3,839 shares of the company’s stock valued at $354,000 after purchasing an additional 146 shares during the last quarter. Finally, Braun Bostich & Associates Inc. lifted its position in Vanguard Russell 1000 Value ETF by 1.8% during the fourth quarter. Braun Bostich & Associates Inc. now owns 8,770 shares of the company’s stock valued at $809,000 after purchasing an additional 151 shares during the last quarter.

Vanguard Russell 1000 Value ETF Stock Up 0.1%

VONV stock opened at $104.43 on Friday. Vanguard Russell 1000 Value ETF has a 52 week low of $81.93 and a 52 week high of $104.81. The company has a fifty day simple moving average of $98.90 and a two-hundred day simple moving average of $96.07. The firm has a market capitalization of $18.63 billion, a P/E ratio of 19.46 and a beta of 0.84.

Vanguard Russell 1000 Value ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 24th were given a dividend of $0.4117 per share. The ex-dividend date was Tuesday, March 24th. This represents a $1.65 annualized dividend and a yield of 1.6%.

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.