Freedom Investment Management Inc. Sells 1,489 Shares of Vanguard Russell 1000 Value (NASDAQ:VONV)

Freedom Investment Management Inc. reduced its position in Vanguard Russell 1000 Value (NASDAQ:VONV) by 5.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 26,082 shares of the company’s stock after selling 1,489 shares during the period. Freedom Investment Management Inc.’s holdings in Vanguard Russell 1000 Value were worth $2,173,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC bought a new stake in Vanguard Russell 1000 Value during the third quarter valued at about $25,000. Beacon Capital Management LLC acquired a new position in shares of Vanguard Russell 1000 Value during the first quarter worth $43,000. International Assets Investment Management LLC purchased a new stake in shares of Vanguard Russell 1000 Value during the 2nd quarter valued at $74,000. Signaturefd LLC boosted its position in shares of Vanguard Russell 1000 Value by 2,014.0% in the 3rd quarter. Signaturefd LLC now owns 1,057 shares of the company’s stock worth $88,000 after purchasing an additional 1,007 shares in the last quarter. Finally, Princeton Global Asset Management LLC purchased a new position in Vanguard Russell 1000 Value during the 3rd quarter worth $123,000.

Vanguard Russell 1000 Value Price Performance

Shares of NASDAQ:VONV opened at $87.42 on Wednesday. The business’s 50-day moving average is $83.95 and its 200 day moving average is $80.47. Vanguard Russell 1000 Value has a 1 year low of $68.20 and a 1 year high of $87.76. The firm has a market capitalization of $9.92 billion, a P/E ratio of 17.49 and a beta of 0.95.

Vanguard Russell 1000 Value Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.437 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.75 annualized dividend and a dividend yield of 2.00%. This is an increase 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.