Independent Financial Group LLC Invests $550,000 in Vanguard Russell 2000 ETF $VTWO

Independent Financial Group LLC bought a new position in shares of Vanguard Russell 2000 ETF (NASDAQ:VTWO) in the first quarter, HoldingsChannel reports. The firm bought 5,490 shares of the company’s stock, valued at approximately $550,000.

Several other institutional investors also recently bought and sold shares of the stock. Bank of America Corp DE increased 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 acquiring an additional 2,204,005 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Vanguard Russell 2000 ETF by 2.2% during the 4th quarter. Morgan Stanley now owns 8,811,195 shares of the company’s stock valued at $876,890,000 after purchasing an additional 192,321 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of Vanguard Russell 2000 ETF by 5.0% during the 4th quarter. Natixis Advisors LLC now owns 5,860,950 shares of the company’s stock valued at $583,282,000 after purchasing an additional 281,079 shares during the last quarter. US Bancorp DE grew its position in shares of Vanguard Russell 2000 ETF by 7.3% during the fourth quarter. US Bancorp DE now owns 5,260,478 shares of the company’s stock valued at $523,533,000 after purchasing an additional 358,891 shares in the last quarter. Finally, Wells Fargo & Company MN grew 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 valued at $350,826,000 after purchasing an additional 54,228 shares in the last quarter.

Vanguard Russell 2000 ETF Price Performance

NASDAQ:VTWO opened at $118.73 on Thursday. The company has a market cap of $17.48 billion, a price-to-earnings ratio of 16.60 and a beta of 1.10. The stock’s 50 day simple moving average is $117.75 and its two-hundred day simple moving average is $110.12. Vanguard Russell 2000 ETF has a 1 year low of $85.88 and a 1 year high of $122.35.

Vanguard Russell 2000 ETF Increases Dividend

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

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.