Vanguard Russell 1000 Value ETF (NASDAQ:VONV) Reaches New 52-Week High – Time to Buy?

Vanguard Russell 1000 Value ETF (NASDAQ:VONV) shares reached a new 52-week high during trading on Monday . The company traded as high as $109.87 and last traded at $109.80, with a volume of 41964 shares traded. The stock had previously closed at $108.85.

Vanguard Russell 1000 Value ETF Price Performance

The company has a fifty day moving average price of $106.14 and a two-hundred day moving average price of $100.41. The firm has a market cap of $20.54 billion, a price-to-earnings ratio of 19.46 and a beta of 0.84.

Vanguard Russell 1000 Value ETF Cuts Dividend

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

Institutional Investors Weigh In On Vanguard Russell 1000 Value ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Sapient Capital LLC increased its stake in Vanguard Russell 1000 Value ETF by 62.0% in the 2nd quarter. Sapient Capital LLC now owns 25,504 shares of the company’s stock worth $2,711,000 after purchasing an additional 9,761 shares in the last quarter. Allied Private Wealth LLC purchased a new stake in Vanguard Russell 1000 Value ETF during the second quarter valued at about $83,000. Jacobs & Co. CA purchased a new stake in Vanguard Russell 1000 Value ETF during the second quarter valued at about $220,000. Hardin Capital Partners LLC acquired a new position in shares of Vanguard Russell 1000 Value ETF in the second quarter worth about $331,000. Finally, Foster Group Inc. acquired a new position in shares of Vanguard Russell 1000 Value ETF in the second quarter worth about $221,000.

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.