Vanguard Russell 2000 ETF (NASDAQ:VTWO) Sets New 1-Year High – Here’s Why

Vanguard Russell 2000 ETF (NASDAQ:VTWO)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $118.79 and last traded at $118.65, with a volume of 633920 shares. The stock had previously closed at $117.37.

Vanguard Russell 2000 ETF Price Performance

The firm’s 50 day moving average price is $111.89 and its 200-day moving average price is $106.32. The firm has a market cap of $16.43 billion, a price-to-earnings ratio of 16.60 and a beta of 1.11.

Vanguard Russell 2000 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Tuesday, March 24th were given a $0.2621 dividend. This represents a $1.05 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VTWO. Bank of America Corp DE lifted its position in Vanguard Russell 2000 ETF by 8.1% in the fourth quarter. Bank of America Corp DE now owns 29,521,917 shares of the company’s stock worth $2,938,021,000 after purchasing an additional 2,204,005 shares during the period. Goldman Sachs Group Inc. lifted its position in Vanguard Russell 2000 ETF by 72.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,363,151 shares of the company’s stock worth $334,701,000 after purchasing an additional 1,413,739 shares during the period. Exchange Traded Concepts LLC bought a new position in shares of Vanguard Russell 2000 ETF during the fourth quarter valued at $121,029,000. NEOS Investment Management LLC lifted its holdings in shares of Vanguard Russell 2000 ETF by 49.9% during the third quarter. NEOS Investment Management LLC now owns 3,508,850 shares of the company’s stock valued at $343,236,000 after acquiring an additional 1,168,230 shares during the period. Finally, PKS Advisory Services LLC lifted its holdings in shares of Vanguard Russell 2000 ETF by 2,968.7% during the third quarter. PKS Advisory Services LLC now owns 725,657 shares of the company’s stock valued at $70,984,000 after acquiring an additional 702,010 shares during the period.

Vanguard Russell 2000 ETF Company Profile

The Vanguard Russell 2000 ETF (VTWO) is an exchange-traded fund that is based on the Russell 2000 index, a market-cap-weighted index of US small-cap stocks VTWO was launched on Sep 20, 2010 and is managed by Vanguard.