Vanguard Russell 1000 Value ETF (NASDAQ:VONV) Sets New 12-Month High – Still a Buy?

Vanguard Russell 1000 Value ETF (NASDAQ:VONV) shares hit a new 52-week high during trading on Wednesday. The company traded as high as $115.71 and last traded at $115.6040, with a volume of 323,212 shares trading hands. The stock had previously closed at $113.41.

Vanguard Russell 1000 Value ETF Stock Performance

The stock has a market cap of $22.59 billion, a price-to-earnings ratio of 19.46 and a beta of 0.83. The company’s 50 day simple moving average is $111.87 and its two-hundred day simple moving average is $104.84.

Hedge Funds Weigh In On Vanguard Russell 1000 Value ETF

A number of hedge funds have recently modified their holdings of the stock. CENTRAL TRUST Co bought a new stake in Vanguard Russell 1000 Value ETF in the 3rd quarter valued at $108,000. Jacobi Capital Management LLC acquired a new stake in Vanguard Russell 1000 Value ETF in the 3rd quarter worth $85,000. AMG National Trust Bank bought a new position in shares of Vanguard Russell 1000 Value ETF during the 3rd quarter worth about $8,923,000. Moneco Advisors LLC increased its holdings in shares of Vanguard Russell 1000 Value ETF by 224.3% during the 3rd quarter. Moneco Advisors LLC now owns 20,188 shares of the company’s stock worth $2,194,000 after purchasing an additional 13,962 shares during the period. Finally, Mesirow Financial Investment Management Inc. bought a new position in shares of Vanguard Russell 1000 Value ETF during the 3rd quarter worth about $3,077,000.

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.