Vanguard Russell 1000 Value ETF (NASDAQ:VONV) Hits New 52-Week High – Time to Buy?

Shares of Vanguard Russell 1000 Value ETF (NASDAQ:VONV) reached a new 52-week high on Monday . The stock traded as high as $111.56 and last traded at $111.36, with a volume of 28918 shares changing hands. The stock had previously closed at $110.42.

Vanguard Russell 1000 Value ETF Trading Up 0.8%

The stock has a fifty day moving average price of $106.88 and a 200-day moving average price of $100.94. The firm has a market capitalization of $20.86 billion, a price-to-earnings ratio of 19.46 and a beta of 0.84.

Vanguard Russell 1000 Value ETF Cuts Dividend

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

Institutional Investors Weigh In On Vanguard Russell 1000 Value ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its position in Vanguard Russell 1000 Value ETF by 11.6% in the first quarter. Goldman Sachs Group Inc. now owns 583,695 shares of the company’s stock valued at $48,178,000 after buying an additional 60,644 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Vanguard Russell 1000 Value ETF in the 1st quarter worth approximately $5,536,000. Russell Investments Group Ltd. boosted its holdings in shares of Vanguard Russell 1000 Value ETF by 920.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 561 shares of the company’s stock worth $48,000 after acquiring an additional 506 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of Vanguard Russell 1000 Value ETF by 9.4% in the 2nd quarter. Cerity Partners LLC now owns 49,376 shares of the company’s stock worth $4,207,000 after acquiring an additional 4,256 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its position in Vanguard Russell 1000 Value ETF by 1,948.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,749 shares of the company’s stock worth $319,000 after acquiring an additional 3,566 shares during the last quarter.

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.