Vanguard Russell 1000 ETF (NASDAQ:VONE) Hits New 12-Month High – Here’s Why

Vanguard Russell 1000 ETF (NASDAQ:VONE)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $344.82 and last traded at $344.74, with a volume of 3316 shares. The stock had previously closed at $337.71.

Vanguard Russell 1000 ETF Stock Up 1.0%

The firm has a market capitalization of $8.48 billion, a P/E ratio of 24.55 and a beta of 1.01. The business’s 50-day simple moving average is $337.22 and its 200 day simple moving average is $321.69.

Vanguard Russell 1000 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 18th were issued a $0.8643 dividend. The ex-dividend date was Thursday, June 18th. This represents a $3.46 annualized dividend and a yield of 1.0%.

Institutional Investors Weigh In On Vanguard Russell 1000 ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VONE. West Branch Capital LLC increased its holdings in shares of Vanguard Russell 1000 ETF by 557.5% during the second quarter. West Branch Capital LLC now owns 1,177 shares of the company’s stock valued at $399,000 after acquiring an additional 998 shares in the last quarter. Highland Financial Advisors LLC purchased a new stake in Vanguard Russell 1000 ETF during the 2nd quarter valued at $694,000. Tenzing Financial LLC increased its position in Vanguard Russell 1000 ETF by 7.7% during the second quarter. Tenzing Financial LLC now owns 742 shares of the company’s stock valued at $253,000 after acquiring an additional 53 shares during the last quarter. Sapient Capital LLC lifted its stake in shares of Vanguard Russell 1000 ETF by 0.5% in the 2nd quarter. Sapient Capital LLC now owns 13,229 shares of the company’s stock worth $4,481,000 after purchasing an additional 63 shares during the period. Finally, Williams & Novak LLC raised its position in Vanguard Russell 1000 ETF by 18.8% in the second quarter. Williams & Novak LLC now owns 1,222 shares of the company’s stock worth $414,000 after acquiring an additional 193 shares during the period.

About Vanguard Russell 1000 ETF

The Vanguard Russell 1000 ETF (VONE) is an exchange-traded fund that is based on the Russell 1000 index, a market-cap-weighted index of the 1000 largest US companies. VONE was launched on Sep 20, 2010 and is managed by Vanguard.