Raymond James & Associates Increases Stake in Vanguard Russell 1000 Value

Raymond James & Associates has increased its investment in the Vanguard Russell 1000 Value ETF (NASDAQ:VONV - Free Report) by 19.8% during the third quarter, according to the latest Form 13F filing submitted to the U.S. Securities and Exchange Commission (SEC). Following this investment, the institutional investor now holds 902,596 shares of the ETF, having added 149,035 shares to its portfolio during this period.

As of the most recent filing with the SEC, Raymond James & Associates’ stake in Vanguard Russell 1000 Value is valued at approximately $75,213,000, representing about 0.80% of the total shares outstanding.

Other institutional investors have also been active in the Vanguard Russell 1000 Value space. For example, TIAA Trust National Association raised its position by 3.9% in the second quarter and now owns 3,793,357 shares valued at $290,457,000 after acquiring an additional 142,895 shares. Commonwealth Equity Services LLC also increased its position by 13.4% in the second quarter, owning 1,264,952 shares worth $96,857,000 following the acquisition of 149,680 shares.

LPL Financial LLC boosted its stake by 4.4% during the same period, which resulted in 1,207,687 shares valued at $92,473,000 after gaining 50,753 additional shares. Truist Financial Corp increased its holdings by 2.1%, now owning 1,043,887 shares worth $79,930,000 after adding 21,238 shares. Lastly, Aaron Wealth Advisors LLC raised its position by 1.0% in the third quarter, possessing 741,437 shares valued at $61,784,000 after acquiring 7,244 additional shares.

Latest Trading Performance of Vanguard Russell 1000 Value

On Tuesday, shares of Vanguard Russell 1000 Value opened at $84.23. Over the past year, the ETF has seen a low of $62.92 and a high of $85.04. The stock is currently tracking a fifty-day simple moving average of $82.16 and a 200-day simple moving average of $78.97. With a market capitalization of $9.56 billion, the ETF carries a price-to-earnings ratio of 17.49 and has a beta of 0.95, indicating its level of volatility compared to the broader market.

Dividend Announcement by Vanguard Russell 1000 Value

Recently, the fund announced a quarterly dividend that was paid out on Monday, September 30th. Investors who were on record as of Thursday, September 26th received a dividend of $0.437 per share, which is an increase from the previous dividend of $0.39 per share. The ex-dividend date was also set for September 26th. This new dividend amount represents an annualized dividend of $1.75, resulting in a yield of 2.08%.

About Vanguard Russell 1000 Value ETF

The Vanguard Russell 1000 Value ETF (VONV) is designed to track an index of value stocks derived from the largest 1,000 companies in the United States. The ETF was launched on September 20, 2010, and is managed by Vanguard.

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