Vanguard Russell 1000 Value ETF Hits Record 12-Month Peak

The Vanguard Russell 1000 Value ETF (NASDAQ:VONV) achieved a significant milestone during Tuesday's trading session, setting a new 52-week high. The ETF saw its shares soar to a zenith of $76.79 before slightly retreating to close at $76.53. This peak was accompanied by a trade volume of 27,580 shares. Prior to this, the stock had completed the previous session at $76.63.

Price Performance of Vanguard Russell 1000 Value

Boasting a robust market capitalization of approximately $8.44 billion, the exchange-traded fund (ETF) boasts an enticing price-to-earnings ratio of 14.90. Alongside this, the ETF has a beta of 0.95, indicating moderate volatility when compared to the wider market. The ETF's price has shown a sustainable uptrend, with its 50-day moving average positioned at $73.63 and the 200-day moving average calculated at $70.13.

Recent Dividend Payout

An announcement made by the company has signaled good news for investors: a quarterly dividend payment was issued on December 22nd. Those holding shares on December 20th received a dividend of $0.4619 per share, with the ex-dividend date falling on December 19th. With an annualized dividend set at $1.85, the yield rests comfortably at 2.40%.

Institutional Interest in VONV

In recent financial quarters, there has been noticeable activity among hedge funds and institutional investors in VONV. Notable movements include Pinnacle Financial Partners Inc. raising its stake by 1.1% in the 4th quarter to own 14,405 shares valued at over $1 million. Allegiance Financial Group Advisory Services LLC also upped its holdings by 0.6%, reaching 26,650 shares worth nearly $2 million. There have been increases in shares held by Ancora Advisors LLC and Steward Partners Investment Advisory LLC, showcasing a continued commitment to the ETF from institutional participants.

About Vanguard Russell 1000 Value ETF

The Vanguard Russell 1000 Value ETF is a popular fund that mirrors the Russell 1000 Value index, focusing on value-driven stocks from among the largest 1000 U.S. companies. Incepted on September 20, 2010, the ETF is managed by Vanguard, one of the leading investment management companies in the world.

Vanguard, ETF, Milestone