Synovus Financial Corp Invests $269,000 in Vanguard Russell 1000 Value (NASDAQ:VONV)

Synovus Financial Corp purchased a new stake in Vanguard Russell 1000 Value (NASDAQ:VONV) during the third quarter, HoldingsChannel reports. The institutional investor purchased 3,228 shares of the company’s stock, valued at approximately $269,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its position in Vanguard Russell 1000 Value by 15.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 164,327 shares of the company’s stock valued at $12,583,000 after buying an additional 21,810 shares in the last quarter. Atria Wealth Solutions Inc. lifted its stake in shares of Vanguard Russell 1000 Value by 6.6% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 26,539 shares of the company’s stock valued at $2,042,000 after acquiring an additional 1,650 shares during the last quarter. Concourse Financial Group Securities Inc. lifted its stake in shares of Vanguard Russell 1000 Value by 119.4% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 2,914 shares of the company’s stock valued at $224,000 after acquiring an additional 1,586 shares during the last quarter. &PARTNERS acquired a new stake in shares of Vanguard Russell 1000 Value during the 2nd quarter valued at $471,000. Finally, Avalon Capital Management bought a new stake in Vanguard Russell 1000 Value during the 2nd quarter worth $319,000.

Vanguard Russell 1000 Value Trading Down 2.6 %

Vanguard Russell 1000 Value stock opened at $81.14 on Thursday. The stock has a 50-day moving average price of $84.88 and a two-hundred day moving average price of $81.39. Vanguard Russell 1000 Value has a 12 month low of $70.65 and a 12 month high of $87.97. The company has a market capitalization of $9.21 billion, a PE ratio of 17.49 and a beta of 0.95.

Vanguard Russell 1000 Value Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.437 dividend. This represents a $1.75 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Thursday, September 26th. This is a positive change from Vanguard Russell 1000 Value’s previous quarterly dividend of $0.39.

Vanguard Russell 1000 Value Profile

The Vanguard Russell 1000 Value ETF (VONV) is an exchange-traded fund that is based on the Russell 1000 Value index. The fund tracks an index of value stocks selected from the 1,000 largest US companies. VONV was launched on Sep 20, 2010 and is managed by Vanguard.