Sequoia Financial Advisors LLC Reduces Stock Position in Vanguard Russell 1000 Value ETF $VONV

Sequoia Financial Advisors LLC cut its stake in shares of Vanguard Russell 1000 Value ETF (NASDAQ:VONV) by 3.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 374,185 shares of the company’s stock after selling 12,021 shares during the period. Sequoia Financial Advisors LLC owned about 0.21% of Vanguard Russell 1000 Value ETF worth $35,076,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. YANKCOM Partnership bought a new stake in shares of Vanguard Russell 1000 Value ETF in the fourth quarter worth $25,000. Quadrant Capital Group LLC bought a new position in Vanguard Russell 1000 Value ETF in the fourth quarter valued at about $33,000. Victory Capital Management Inc. boosted its position in Vanguard Russell 1000 Value ETF by 139.6% in the third quarter. Victory Capital Management Inc. now owns 448 shares of the company’s stock worth $40,000 after purchasing an additional 261 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its position in Vanguard Russell 1000 Value ETF by 355.0% in the third quarter. Newbridge Financial Services Group Inc. now owns 455 shares of the company’s stock worth $41,000 after purchasing an additional 355 shares during the last quarter. Finally, Optima Capital LLC bought a new stake in shares of Vanguard Russell 1000 Value ETF during the 4th quarter valued at about $45,000.

Vanguard Russell 1000 Value ETF Stock Performance

Shares of NASDAQ VONV traded up $0.21 during midday trading on Friday, hitting $108.27. 419,390 shares of the company’s stock traded hands, compared to its average volume of 1,327,772. The firm has a fifty day moving average of $104.92 and a 200 day moving average of $99.28. Vanguard Russell 1000 Value ETF has a 1 year low of $84.13 and a 1 year high of $109.34. The stock has a market capitalization of $20.29 billion, a price-to-earnings ratio of 19.46 and a beta of 0.84.

Vanguard Russell 1000 Value ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 18th were issued a dividend of $0.4102 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, June 18th.

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.