Vanguard Russell 1000 ETF (NASDAQ:VONE) Sets New 1-Year High – Here’s Why

Vanguard Russell 1000 ETF (NASDAQ:VONE)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $344.82 and last traded at $344.74, with a volume of 3316 shares traded. The stock had previously closed at $337.71.

Vanguard Russell 1000 ETF Price Performance

The stock has a market capitalization of $8.53 billion, a price-to-earnings ratio of 24.55 and a beta of 1.01. The stock’s 50 day simple moving average is $337.62 and its 200-day simple moving average is $322.18.

Vanguard Russell 1000 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 18th were issued a dividend of $0.8643 per share. The ex-dividend date was Thursday, June 18th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 1.0%.

Institutional Investors Weigh In On Vanguard Russell 1000 ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Morgan Stanley increased its position in Vanguard Russell 1000 ETF by 3.1% during the fourth quarter. Morgan Stanley now owns 1,201,654 shares of the company’s stock worth $371,360,000 after buying an additional 36,686 shares during the last quarter. UBS Group AG boosted its stake in shares of Vanguard Russell 1000 ETF by 3.9% during the 4th quarter. UBS Group AG now owns 792,987 shares of the company’s stock worth $245,065,000 after acquiring an additional 29,875 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Vanguard Russell 1000 ETF by 2.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 786,779 shares of the company’s stock worth $220,974,000 after acquiring an additional 15,054 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Vanguard Russell 1000 ETF by 5.2% during the 4th quarter. Stifel Financial Corp now owns 462,141 shares of the company’s stock worth $142,823,000 after acquiring an additional 23,011 shares in the last quarter. Finally, Jordan Park Group LLC increased its holdings in shares of Vanguard Russell 1000 ETF by 8.2% during the 4th quarter. Jordan Park Group LLC now owns 375,997 shares of the company’s stock valued at $116,198,000 after acquiring an additional 28,583 shares during the last quarter.

About Vanguard Russell 1000 ETF

The Vanguard Russell 1000 ETF (VONE) is an exchange-traded fund that is based on the Russell 1000 index, a market-cap-weighted index of the 1000 largest US companies. VONE was launched on Sep 20, 2010 and is managed by Vanguard.