Modern Wealth Management LLC Trims Stake in Vanguard Russell 1000 ETF $VONE

Modern Wealth Management LLC lessened its stake in shares of Vanguard Russell 1000 ETF (NASDAQ:VONE) by 39.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,401 shares of the company’s stock after selling 37,389 shares during the quarter. Modern Wealth Management LLC’s holdings in Vanguard Russell 1000 ETF were worth $17,359,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Morgan Stanley lifted its position in shares of Vanguard Russell 1000 ETF by 3.1% in the fourth quarter. Morgan Stanley now owns 1,201,654 shares of the company’s stock valued at $371,360,000 after acquiring an additional 36,686 shares in the last quarter. UBS Group AG increased its position in 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 purchasing an additional 29,875 shares in the last quarter. Ameriprise Financial Inc. increased its position in 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 purchasing an additional 15,054 shares in the last quarter. Stifel Financial Corp raised its stake in Vanguard Russell 1000 ETF by 5.2% in the 4th quarter. Stifel Financial Corp now owns 462,141 shares of the company’s stock valued at $142,823,000 after purchasing an additional 23,011 shares during the last quarter. Finally, Jordan Park Group LLC raised its stake in Vanguard Russell 1000 ETF by 8.2% in the 4th quarter. Jordan Park Group LLC now owns 375,997 shares of the company’s stock valued at $116,198,000 after purchasing an additional 28,583 shares during the last quarter.

Vanguard Russell 1000 ETF Trading Down 1.2%

NASDAQ:VONE opened at $333.88 on Friday. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of 24.55 and a beta of 1.01. The company’s 50-day moving average is $336.98 and its two-hundred day moving average is $320.61. Vanguard Russell 1000 ETF has a 12-month low of $281.49 and a 12-month high of $343.25.

Vanguard Russell 1000 ETF Cuts Dividend

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

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.