Vanguard Russell 1000 Value ETF (NASDAQ:VONV) Reaches New 52-Week High – Should You Buy?

Vanguard Russell 1000 Value ETF (NASDAQ:VONV)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $109.39 and last traded at $109.38, with a volume of 293455 shares traded. The stock had previously closed at $108.52.

Vanguard Russell 1000 Value ETF Stock Performance

The firm has a market cap of $20.47 billion, a price-to-earnings ratio of 19.46 and a beta of 0.84. The stock has a 50-day moving average of $105.30 and a 200-day moving average of $99.65.

Vanguard Russell 1000 Value ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in VONV. Sapient Capital LLC increased its position in shares of Vanguard Russell 1000 Value ETF by 62.0% in the second quarter. Sapient Capital LLC now owns 25,504 shares of the company’s stock valued at $2,711,000 after acquiring an additional 9,761 shares during the last quarter. Allied Private Wealth LLC bought a new position in Vanguard Russell 1000 Value ETF in the second quarter valued at approximately $83,000. Jacobs & Co. CA acquired a new position in shares of Vanguard Russell 1000 Value ETF during the 2nd quarter worth approximately $220,000. Hardin Capital Partners LLC bought a new stake in shares of Vanguard Russell 1000 Value ETF during the 2nd quarter worth approximately $331,000. Finally, Foster Group Inc. acquired a new stake in shares of Vanguard Russell 1000 Value ETF in the 2nd quarter valued at approximately $221,000.

Vanguard Russell 1000 Value ETF 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.