Truist Financial Corp Acquires 21,238 Shares of Vanguard Russell 1000 Value (NASDAQ:VONV)

Truist Financial Corp grew its holdings in shares of Vanguard Russell 1000 Value (NASDAQ:VONV) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,043,887 shares of the company’s stock after buying an additional 21,238 shares during the quarter. Truist Financial Corp’s holdings in Vanguard Russell 1000 Value were worth $79,930,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. TIAA Trust National Association increased its stake in shares of Vanguard Russell 1000 Value by 3.9% during the 2nd quarter. TIAA Trust National Association now owns 3,793,357 shares of the company’s stock worth $290,457,000 after purchasing an additional 142,895 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Vanguard Russell 1000 Value by 2.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 2,242,132 shares of the company’s stock worth $162,644,000 after purchasing an additional 59,428 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Vanguard Russell 1000 Value by 13.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 1,264,952 shares of the company’s stock worth $96,857,000 after purchasing an additional 149,680 shares during the last quarter. LPL Financial LLC increased its stake in shares of Vanguard Russell 1000 Value by 4.4% during the 2nd quarter. LPL Financial LLC now owns 1,207,687 shares of the company’s stock worth $92,473,000 after purchasing an additional 50,753 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Vanguard Russell 1000 Value by 3.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 934,859 shares of the company’s stock worth $67,815,000 after purchasing an additional 26,905 shares during the last quarter.

Vanguard Russell 1000 Value Price Performance

Vanguard Russell 1000 Value stock opened at $83.01 on Wednesday. The firm has a market capitalization of $9.19 billion, a PE ratio of 17.49 and a beta of 0.95. The company’s 50-day moving average is $80.63 and its 200-day moving average is $78.32. Vanguard Russell 1000 Value has a fifty-two week low of $62.92 and a fifty-two week high of $83.53.

Vanguard Russell 1000 Value Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.437 per share. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from Vanguard Russell 1000 Value’s previous quarterly dividend of $0.39. This represents a $1.75 annualized dividend and a dividend yield of 2.11%.

Vanguard Russell 1000 Value 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.