Vanguard Russell 1000 Value (NASDAQ:VONV) Reaches New 1-Year High at $83.53

Shares of Vanguard Russell 1000 Value (NASDAQ:VONV) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $83.53 and last traded at $82.83, with a volume of 6952 shares trading hands. The stock had previously closed at $83.07.

Vanguard Russell 1000 Value Stock Performance

The firm has a market cap of $9.19 billion, a price-to-earnings ratio of 17.49 and a beta of 0.95. The business has a 50 day simple moving average of $80.55 and a 200-day simple moving average of $78.27.

Vanguard Russell 1000 Value Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 26th will be paid a $0.437 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Thursday, September 26th. This is an increase from Vanguard Russell 1000 Value’s previous quarterly dividend of $0.39.

Hedge Funds Weigh In On Vanguard Russell 1000 Value

A number of hedge funds and other institutional investors have recently modified their holdings of VONV. Park Avenue Securities LLC bought a new stake in shares of Vanguard Russell 1000 Value in the 2nd quarter worth approximately $588,000. Raymond James & Associates increased its holdings in shares of Vanguard Russell 1000 Value by 12.6% in the second quarter. Raymond James & Associates now owns 753,561 shares of the company’s stock worth $57,700,000 after purchasing an additional 84,477 shares during the period. Cetera Investment Advisers increased its holdings in shares of Vanguard Russell 1000 Value by 185.1% in the first quarter. Cetera Investment Advisers now owns 288,015 shares of the company’s stock worth $22,649,000 after purchasing an additional 186,989 shares during the period. Corundum Group Inc. increased its holdings in shares of Vanguard Russell 1000 Value by 55.4% in the second quarter. Corundum Group Inc. now owns 64,172 shares of the company’s stock worth $4,914,000 after purchasing an additional 22,868 shares during the period. Finally, Motive Wealth Advisors bought a new position in shares of Vanguard Russell 1000 Value in the first quarter worth $780,000.

About Vanguard Russell 1000 Value

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.