Synovus Financial Corp Lowers Holdings in Vanguard Russell 2000 ETF (NASDAQ:VTWO)

Synovus Financial Corp lowered its stake in shares of Vanguard Russell 2000 ETF (NASDAQ:VTWO) by 56.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,472 shares of the company’s stock after selling 4,532 shares during the period. Synovus Financial Corp’s holdings in Vanguard Russell 2000 ETF were worth $310,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new position in Vanguard Russell 2000 ETF during the third quarter valued at approximately $179,000. Tidal Investments LLC increased its holdings in shares of Vanguard Russell 2000 ETF by 1,017.4% during the 3rd quarter. Tidal Investments LLC now owns 41,186 shares of the company’s stock valued at $3,680,000 after purchasing an additional 37,500 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Vanguard Russell 2000 ETF by 519.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,841 shares of the company’s stock valued at $166,000 after purchasing an additional 1,544 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Vanguard Russell 2000 ETF by 29.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,625,275 shares of the company’s stock valued at $145,235,000 after purchasing an additional 372,875 shares during the period. Finally, Global Wealth Strategies & Associates boosted its holdings in Vanguard Russell 2000 ETF by 6.4% during the fourth quarter. Global Wealth Strategies & Associates now owns 133,511 shares of the company’s stock worth $11,927,000 after buying an additional 8,022 shares in the last quarter.

Vanguard Russell 2000 ETF Stock Performance

VTWO opened at $75.36 on Friday. The company has a fifty day moving average of $82.32 and a two-hundred day moving average of $88.60. The stock has a market capitalization of $10.14 billion, a price-to-earnings ratio of 16.02 and a beta of 1.15. Vanguard Russell 2000 ETF has a fifty-two week low of $69.38 and a fifty-two week high of $99.12.

Vanguard Russell 2000 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were paid a $0.2475 dividend. The ex-dividend date was Tuesday, March 25th. This represents a $0.99 annualized dividend and a dividend yield of 1.31%.

About Vanguard Russell 2000 ETF

The Vanguard Russell 2000 ETF (VTWO) is an exchange-traded fund that is based on the Russell 2000 index, a market-cap-weighted index of US small-cap stocks VTWO was launched on Sep 20, 2010 and is managed by Vanguard.