Vanguard Russell 1000 Value ETF (NASDAQ:VONV) Sees Large Volume Increase – Here’s Why

Vanguard Russell 1000 Value ETF (NASDAQ:VONV) shares saw strong trading volume on Friday . Approximately 2,982,562 shares were traded during trading, an increase of 128% from the previous session’s volume of 1,305,347 shares.The stock last traded at $108.97 and had previously closed at $109.38.

Vanguard Russell 1000 Value ETF Price Performance

The company has a market capitalization of $20.40 billion, a price-to-earnings ratio of 19.46 and a beta of 0.84. The business’s 50 day simple moving average is $105.45 and its 200 day simple moving average is $99.76.

Vanguard Russell 1000 Value ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were issued a dividend of $0.4102 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.5%.

Hedge Funds Weigh In On Vanguard Russell 1000 Value ETF

Several institutional investors have recently added to or reduced their stakes in VONV. Wellington Management Group LLP lifted its position in Vanguard Russell 1000 Value ETF by 1,284.2% during the 3rd quarter. Wellington Management Group LLP now owns 5,275,187 shares of the company’s stock worth $471,443,000 after acquiring an additional 4,894,074 shares during the period. Bank of America Corp DE increased its holdings in shares of Vanguard Russell 1000 Value ETF by 14.7% in the second quarter. Bank of America Corp DE now owns 27,652,296 shares of the company’s stock valued at $2,356,252,000 after purchasing an additional 3,543,885 shares during the period. Valpey Financial Services LLC raised its stake in shares of Vanguard Russell 1000 Value ETF by 9,192.2% during the fourth quarter. Valpey Financial Services LLC now owns 3,458,565 shares of the company’s stock worth $319,226,000 after purchasing an additional 3,421,345 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Vanguard Russell 1000 Value ETF by 227.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,684,203 shares of the company’s stock worth $247,752,000 after purchasing an additional 1,865,509 shares during the last quarter. Finally, OpenArc Corporate Advisory LLC acquired a new stake in shares of Vanguard Russell 1000 Value ETF during the fourth quarter worth $135,878,000.

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.