Verus Wealth Management LLC Expands Holdings in Vanguard Russell 1000 Value

Verus Wealth Management LLC has recently made an investment decision by acquiring a new stake in the Vanguard Russell 1000 Value ETF, identified by its ticker symbol (NASDAQ:VONV). This acquisition took place during the fourth quarter and was disclosed in the firm's latest 13F filing with the Securities and Exchange Commission (SEC). In total, Verus Wealth Management purchased 47,855 shares of VONV, with a total value estimated at around $3,888,000.

The Vanguard Russell 1000 Value now represents about 4.4% of Verus Wealth Management LLC's overall investment portfolio, which positions it as the firm's sixth largest investment.

In addition to Verus Wealth Management, other significant investors have also reassessed their positions in Vanguard Russell 1000 Value. For instance, First Horizon Advisors Inc. increased its stake by 27.1% in the third quarter, amassing a total of 54,534 shares valued at approximately $4,544,000 after adding 11,624 shares during that period.

JPMorgan Chase & Co. also expanded its holdings in VONV by 13.4% in the same quarter, owning 432,022 shares valued at $36,000,000 after acquiring an extra 50,950 shares.

Wilmington Savings Fund Society FSB made a notable increase of 183.9% by acquiring 9,415 shares worth $785,000, thanks to the purchase of an additional 6,099 shares. Citigroup Inc. raised its stake by 2.3%, resulting in ownership of 1,140,495 shares valued at $95,037,000 following their addition of 25,252 shares. Lastly, M&T Bank Corp also grew its holding in Vanguard Russell 1000 Value by 4.6%, now possessing 188,200 shares worth $15,682,000 after adding 8,218 shares in the last quarter.

Recent Trading Activity of Vanguard Russell 1000 Value

As of Wednesday, shares of Vanguard Russell 1000 Value trading were down by 0.6%, with the stock opening at $84.86. The company has a 50-day moving average of $83.92 and a 200-day moving average standing at $82.59. Currently, the market capitalization of Vanguard Russell 1000 Value is $10.37 billion, with a price-to-earnings ratio of 17.49 and a beta of 0.95. Over the past year, VONV reached a low of $72.12 and a high of $87.97.

Dividend Information

In addition to its investment activities, Vanguard Russell 1000 Value recently announced the payment of a dividend, which was distributed on Thursday, December 26th. Shareholders recorded on Monday, December 23rd received a dividend of $0.437 per share, with the ex-dividend date also set for December 23rd.

About Vanguard Russell 1000 Value

The Vanguard Russell 1000 Value ETF (VONV) is an exchange-traded fund that tracks the Russell 1000 Value Index. This index is composed of value stocks selected from the 1,000 largest publicly traded companies within the United States. This fund was first launched on September 20, 2010 and is managed by the reputable investment firm Vanguard.

investment, ETF, acquisition