Vanguard Russell 2000 ETF (NASDAQ:VTWO) Reaches New 12-Month High – Here’s Why

Vanguard Russell 2000 ETF (NASDAQ:VTWO)’s stock price reached a new 52-week high on Friday . The company traded as high as $113.06 and last traded at $112.99, with a volume of 2068742 shares changing hands. The stock had previously closed at $112.34.

Vanguard Russell 2000 ETF Trading Up 0.4%

The business’s 50-day simple moving average is $104.76 and its two-hundred day simple moving average is $102.95. The company has a market capitalization of $15.66 billion, a PE ratio of 16.60 and a beta of 1.11.

Vanguard Russell 2000 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 24th were given a $0.2621 dividend. This represents a $1.05 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, March 24th.

Hedge Funds Weigh In On Vanguard Russell 2000 ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position 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 buying an additional 2,204,005 shares during the last quarter. Morgan Stanley boosted its position in Vanguard Russell 2000 ETF by 2.2% in the 4th quarter. Morgan Stanley now owns 8,811,195 shares of the company’s stock valued at $876,890,000 after buying an additional 192,321 shares during the last quarter. Natixis Advisors LLC boosted its position in Vanguard Russell 2000 ETF by 5.0% in the 4th quarter. Natixis Advisors LLC now owns 5,860,950 shares of the company’s stock valued at $583,282,000 after buying an additional 281,079 shares during the last quarter. US Bancorp DE boosted its position in Vanguard Russell 2000 ETF by 7.3% in the 4th quarter. US Bancorp DE now owns 5,260,478 shares of the company’s stock valued at $523,533,000 after buying an additional 358,891 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Vanguard Russell 2000 ETF by 1.6% during the fourth quarter. Wells Fargo & Company MN now owns 3,525,185 shares of the company’s stock worth $350,826,000 after purchasing an additional 54,228 shares during the last quarter.

About Vanguard Russell 2000 ETF

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.