Vanguard Russell 1000 Value ETF (NASDAQ:VONV) Sets New 52-Week High – Still a Buy?

Vanguard Russell 1000 Value ETF (NASDAQ:VONV)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $106.12 and last traded at $105.98, with a volume of 82405 shares trading hands. The stock had previously closed at $105.26.

Vanguard Russell 1000 Value ETF Stock Performance

The firm has a market cap of $18.94 billion, a P/E ratio of 19.46 and a beta of 0.84. The company’s 50 day moving average is $101.10 and its 200 day moving average is $97.11.

Vanguard Russell 1000 Value ETF Cuts Dividend

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

Hedge Funds Weigh In On Vanguard Russell 1000 Value ETF

Several large investors have recently modified their holdings of VONV. Wellington Management Group LLP raised its stake in shares of Vanguard Russell 1000 Value ETF by 1,284.2% during the third quarter. Wellington Management Group LLP now owns 5,275,187 shares of the company’s stock valued at $471,443,000 after acquiring an additional 4,894,074 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Vanguard Russell 1000 Value ETF by 14.7% during 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 acquiring an additional 3,543,885 shares during the last quarter. 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 valued at $319,226,000 after acquiring 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 valued at $247,752,000 after acquiring an additional 1,865,509 shares during the last quarter. Finally, OpenArc Corporate Advisory LLC bought a new position in shares of Vanguard Russell 1000 Value ETF during the fourth quarter valued at $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.