Vanguard Russell 1000 Value ETF (NASDAQ:VONV) Sets New 12-Month High – Still a Buy?

Shares of Vanguard Russell 1000 Value ETF (NASDAQ:VONV) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $97.92 and last traded at $97.42, with a volume of 732596 shares traded. The stock had previously closed at $97.26.

Vanguard Russell 1000 Value ETF Price Performance

The company has a market cap of $15.33 billion, a price-to-earnings ratio of 19.46 and a beta of 0.89. The firm has a 50-day moving average price of $93.95 and a 200 day moving average price of $90.44.

Vanguard Russell 1000 Value ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Monday, December 22nd were issued a $0.4916 dividend. This represents a $1.97 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Investors Weigh In On Vanguard Russell 1000 Value ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. YANKCOM Partnership bought a new position in Vanguard Russell 1000 Value ETF during the fourth quarter worth about $25,000. WPG Advisers LLC bought a new stake in Vanguard Russell 1000 Value ETF in the 3rd quarter valued at about $26,000. Fairway Wealth LLC acquired a new position in shares of Vanguard Russell 1000 Value ETF during the 3rd quarter worth approximately $32,000. Victory Capital Management Inc. grew its position in shares of Vanguard Russell 1000 Value ETF by 139.6% during the 3rd quarter. Victory Capital Management Inc. now owns 448 shares of the company’s stock worth $40,000 after purchasing an additional 261 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its holdings in shares of Vanguard Russell 1000 Value ETF by 355.0% during the third quarter. Newbridge Financial Services Group Inc. now owns 455 shares of the company’s stock worth $41,000 after purchasing an additional 355 shares during the period.

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.