FSM Wealth Advisors LLC Increases Stake in Vanguard Russell 1000 Value

FSM Wealth Advisors LLC has raised its investment in the Vanguard Russell 1000 Value ETF (NASDAQ:VONV) by 6.1% during the third quarter, as indicated in its latest report filed with the SEC. After acquiring an additional 9,882 shares during this period, the institutional investor now has a total of 171,879 shares in the ETF. This particular investment represents 3.8% of FSM Wealth Advisors LLC's overall portfolio, making Vanguard Russell 1000 Value its seventh largest position. At the end of the reporting period, the firm owned approximately 0.15% of Vanguard Russell 1000 Value, valued at around $14.32 million.

In addition to FSM Wealth Advisors LLC, several other institutional investors have also been buying and selling shares of Vanguard Russell 1000 Value. For example, M3 Advisory Group LLC increased its holdings by 0.7% in the third quarter, now owning 19,320 shares worth about $1.61 million after acquiring an additional 130 shares. Similarly, Simplicity Wealth LLC grew its stake by 2.6% in the second quarter, with ownership rising to 5,331 shares, valued at $408,000 following an increase of 135 shares.

Golden Road Advisors LLC also expanded its ownership by 0.3% in the third quarter, now holding 52,316 shares valued at $4.36 million after purchasing an additional 145 shares. Quotient Wealth Partners LLC increased its stake by 3.8%, bringing its total to 4,422 shares worth approximately $368,000. Cyndeo Wealth Partners LLC rounded out the list with a 2.0% increase, currently owning 9,054 shares valued at $754,000 after acquiring an additional 179 shares during the same period.

Performance of Vanguard Russell 1000 Value

On Tuesday, the price of VONV stock opened at $82.30. The ETF has a market capitalization of $9.34 billion, with a price-to-earnings (PE) ratio of 17.49 and a beta value of 0.95. Over the past year, the stock has seen a low of $65.25 and a high of $85.04. The 50-day moving average is reported at $82.73, while the 200-day moving average stands at $79.42.

Dividend Update

Recently, Vanguard Russell 1000 Value announced a quarterly dividend payout, which was distributed on September 30th. Shareholders who were on record as of September 26th received a dividend of $0.437 per share, a rise from its previous quarterly dividend of $0.39. The ex-dividend date was also September 26th. This dividend indicates an annualized payout of $1.75, providing a yield of 2.12% for investors.

About Vanguard Russell 1000 Value

The Vanguard Russell 1000 Value ETF, known as VONV, is an exchange-traded fund designed to track the Russell 1000 Value Index. This fund represents a collection of value stocks from the largest 1,000 American companies and was launched on September 20, 2010, managed by Vanguard.

Investment Guidance

Before deciding to invest in Vanguard Russell 1000 Value, it's essential to conduct thorough research. While current ratings from analysts suggest a 'hold' stance on VONV, many seasoned analysts highlight five other stocks they believe are better investment opportunities at this time. Consider reviewing these recommendations to make informed investment choices.

investment, ETF, dividend