Embree Financial Group Invests $2.03 Million in Vanguard Russell 1000 Value (NASDAQ:VONV)

Embree Financial Group purchased a new stake in shares of Vanguard Russell 1000 Value (NASDAQ:VONV) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 25,813 shares of the company’s stock, valued at approximately $2,030,000.

Several other institutional investors have also added to or reduced their stakes in the company. UBS Group AG increased its stake in Vanguard Russell 1000 Value by 27.2% during the fourth quarter. UBS Group AG now owns 2,616,087 shares of the company’s stock worth $189,771,000 after acquiring an additional 558,711 shares during the last quarter. Comerica Bank bought a new position in Vanguard Russell 1000 Value during the third quarter valued at $28,000,000. Raymond James & Associates raised its stake in shares of Vanguard Russell 1000 Value by 64.7% in the first quarter. Raymond James & Associates now owns 669,084 shares of the company’s stock valued at $52,617,000 after acquiring an additional 262,946 shares during the period. Eagle Wealth Strategies LLC bought a new stake in shares of Vanguard Russell 1000 Value in the 4th quarter worth about $16,671,000. Finally, New York Life Investment Management LLC bought a new position in Vanguard Russell 1000 Value during the 4th quarter valued at about $16,040,000.

Vanguard Russell 1000 Value Price Performance

Shares of NASDAQ:VONV traded up $0.72 during trading hours on Wednesday, hitting $77.03. 314,665 shares of the company’s stock traded hands, compared to its average volume of 371,944. The firm has a market capitalization of $8.53 billion, a P/E ratio of 17.49 and a beta of 0.95. The business has a fifty day moving average price of $77.05 and a 200-day moving average price of $75.49. Vanguard Russell 1000 Value has a 1 year low of $62.92 and a 1 year high of $78.81.

Vanguard Russell 1000 Value Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Thursday, June 27th were issued a $0.389 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.02%. This is a boost from Vanguard Russell 1000 Value’s previous quarterly dividend of $0.34. The ex-dividend date was Thursday, June 27th.

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.