MMA Asset Management LLC Invests $1 Million in Vanguard Russell 1000 Value ETF $VONV

MMA Asset Management LLC purchased a new position in shares of Vanguard Russell 1000 Value ETF (NASDAQ:VONV) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 10,864 shares of the company’s stock, valued at approximately $1,003,000.

Several other large investors also recently modified their holdings of VONV. Bank of America Corp DE lifted its stake in shares of Vanguard Russell 1000 Value ETF by 3.0% during 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 buying an additional 823,792 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of 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 valued at $471,443,000 after buying an additional 4,894,074 shares in the last quarter. TIAA Trust National Association lifted its stake in shares of Vanguard Russell 1000 Value ETF by 3.3% during the 3rd quarter. TIAA Trust National Association now owns 4,545,391 shares of the company’s stock valued at $406,222,000 after buying an additional 144,549 shares in the last quarter. Phoenix Financial Ltd. purchased a new stake in shares of Vanguard Russell 1000 Value ETF during the 3rd quarter valued at approximately $259,530,000. Finally, UBS Group AG lifted its stake in shares of Vanguard Russell 1000 Value ETF by 1.8% during the 3rd quarter. UBS Group AG now owns 2,750,558 shares of the company’s stock valued at $245,817,000 after buying an additional 48,051 shares in the last quarter.

Vanguard Russell 1000 Value ETF Trading Down 0.5%

Shares of VONV stock opened at $100.71 on Tuesday. The stock has a market capitalization of $17.97 billion, a P/E ratio of 19.46 and a beta of 0.84. The firm’s 50 day moving average is $96.75 and its 200 day moving average is $94.39. Vanguard Russell 1000 Value ETF has a 12 month low of $80.08 and a 12 month high of $101.88.

Vanguard Russell 1000 Value ETF Cuts Dividend

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

About Vanguard Russell 1000 Value ETF

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.