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

Shares of Vanguard Russell 1000 Value ETF (NASDAQ:VONV) hit a new 52-week high on Thursday . The company traded as high as $97.15 and last traded at $95.99, with a volume of 231177 shares changing hands. The stock had previously closed at $96.21.

Vanguard Russell 1000 Value ETF Stock Up 0.3%

The stock’s 50-day moving average price is $93.35 and its 200 day moving average price is $90.10. The company has a market cap of $15.19 billion, a P/E ratio of 19.46 and a beta of 0.89.

Vanguard Russell 1000 Value ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Monday, December 22nd were paid a dividend of $0.4916 per share. The ex-dividend date was Monday, December 22nd. This represents a $1.97 annualized dividend and a yield of 2.0%.

Hedge Funds Weigh In On Vanguard Russell 1000 Value ETF

Several large investors have recently bought and sold shares of VONV. Wellington Management Group LLP raised its stake in shares of Vanguard Russell 1000 Value ETF by 1,284.2% in the third quarter. Wellington Management Group LLP now owns 5,275,187 shares of the company’s stock valued at $471,443,000 after purchasing an additional 4,894,074 shares in the last quarter. Bank of America Corp DE increased its holdings in Vanguard Russell 1000 Value ETF by 14.7% in the 2nd quarter. Bank of America Corp DE now owns 27,652,296 shares of the company’s stock valued at $2,356,252,000 after buying an additional 3,543,885 shares during the period. Phoenix Financial Ltd. acquired a new position in shares of Vanguard Russell 1000 Value ETF in the 3rd quarter valued at $259,530,000. Symphony Financial Ltd. Co. lifted its holdings in shares of Vanguard Russell 1000 Value ETF by 9,783.3% during the 2nd quarter. Symphony Financial Ltd. Co. now owns 635,005 shares of the company’s stock worth $54,163,000 after acquiring an additional 628,580 shares during the period. Finally, Brio Consultants LLC acquired a new stake in shares of Vanguard Russell 1000 Value ETF during the 2nd quarter valued at about $28,367,000.

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.