Royal Fund Management LLC Sells 3,475 Shares of Vanguard Russell 1000 (NASDAQ:VONE)

Royal Fund Management LLC reduced its holdings in Vanguard Russell 1000 (NASDAQ:VONE) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 51,929 shares of the company’s stock after selling 3,475 shares during the period. Vanguard Russell 1000 accounts for about 1.2% of Royal Fund Management LLC’s portfolio, making the stock its 10th largest holding. Royal Fund Management LLC owned about 0.26% of Vanguard Russell 1000 worth $11,270,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sapient Capital LLC acquired a new stake in Vanguard Russell 1000 in the 4th quarter valued at $2,453,000. M&T Bank Corp increased its stake in Vanguard Russell 1000 by 1.1% in the 4th quarter. M&T Bank Corp now owns 20,961 shares of the company’s stock valued at $4,547,000 after buying an additional 226 shares during the last quarter. Heritage Wealth Management LLC acquired a new stake in Vanguard Russell 1000 in the 4th quarter valued at $217,000. Robertson Stephens Wealth Management LLC acquired a new position in shares of Vanguard Russell 1000 during the 4th quarter worth about $267,000. Finally, Certuity LLC acquired a new position in shares of Vanguard Russell 1000 during the 4th quarter worth about $513,000.

Vanguard Russell 1000 Stock Up 1.2 %

Shares of VONE stock traded up $2.67 during trading on Friday, reaching $232.54. 58,458 shares of the company’s stock were exchanged, compared to its average volume of 70,200. The firm’s fifty day moving average price is $233.02 and its 200-day moving average price is $219.30. Vanguard Russell 1000 has a twelve month low of $183.23 and a twelve month high of $238.89. The stock has a market capitalization of $4.62 billion, a PE ratio of 24.78 and a beta of 1.02.

Vanguard Russell 1000 Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 22nd were given a dividend of $0.715 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $2.86 annualized dividend and a yield of 1.23%.

Vanguard Russell 1000 Profile

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.