Vanguard Russell 1000 Value ETF (NASDAQ:VONV) Hits New 1-Year High – Should You Buy?

Vanguard Russell 1000 Value ETF (NASDAQ:VONV) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $101.89 and last traded at $101.79, with a volume of 247062 shares traded. The stock had previously closed at $100.71.

Vanguard Russell 1000 Value ETF Trading Up 1.1%

The stock has a market cap of $18.17 billion, a price-to-earnings ratio of 19.46 and a beta of 0.84. The stock’s 50-day moving average price is $96.75 and its 200-day moving average price is $94.39.

Vanguard Russell 1000 Value ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Tuesday, March 24th were given a $0.4117 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.6%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE increased its stake in shares of Vanguard Russell 1000 Value ETF by 3.0% in the 3rd quarter. Bank of America Corp DE now owns 28,476,088 shares of the company’s stock valued at $2,544,908,000 after acquiring an additional 823,792 shares in the last quarter. LPL Financial LLC increased its stake in shares of Vanguard Russell 1000 Value ETF by 8.5% in the 4th quarter. LPL Financial LLC now owns 11,418,321 shares of the company’s stock valued at $1,053,911,000 after acquiring an additional 891,173 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Vanguard Russell 1000 Value ETF by 1,284.2% in the 3rd quarter. Wellington Management Group LLP now owns 5,275,187 shares of the company’s stock valued at $471,443,000 after acquiring an additional 4,894,074 shares in the last quarter. TIAA Trust National Association increased its stake in shares of Vanguard Russell 1000 Value ETF by 4.0% in the 4th quarter. TIAA Trust National Association now owns 4,726,716 shares of the company’s stock valued at $436,277,000 after acquiring an additional 181,325 shares in the last quarter. Finally, Valpey Financial Services LLC increased its stake in shares of Vanguard Russell 1000 Value ETF by 9,192.2% in the 4th quarter. Valpey Financial Services LLC now owns 3,458,565 shares of the company’s stock valued at $319,226,000 after acquiring an additional 3,421,345 shares in the last quarter.

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.