Red Cedar Investment Management LLC Has $5.51 Million Stock Holdings in Vanguard Russell 1000 Value (NASDAQ:VONV)

Red Cedar Investment Management LLC reduced its position in shares of Vanguard Russell 1000 Value (NASDAQ:VONV) by 62.1% in the 4th quarter, Holdings Channel reports. The firm owned 75,940 shares of the company’s stock after selling 124,641 shares during the period. Vanguard Russell 1000 Value accounts for approximately 0.8% of Red Cedar Investment Management LLC’s holdings, making the stock its 18th largest position. Red Cedar Investment Management LLC’s holdings in Vanguard Russell 1000 Value were worth $5,509,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pinnacle Financial Partners Inc increased its position in Vanguard Russell 1000 Value by 1.1% during the 4th quarter. Pinnacle Financial Partners Inc now owns 14,405 shares of the company’s stock worth $1,045,000 after purchasing an additional 157 shares in the last quarter. Allegiance Financial Group Advisory Services LLC increased its position in Vanguard Russell 1000 Value by 0.6% during the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 26,650 shares of the company’s stock valued at $1,933,000 after purchasing an additional 163 shares during the period. First Horizon Advisors Inc. raised its holdings in Vanguard Russell 1000 Value by 1.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 15,979 shares of the company’s stock worth $1,065,000 after purchasing an additional 197 shares during the last quarter. Western Wealth Management LLC lifted its position in shares of Vanguard Russell 1000 Value by 5.1% in the 3rd quarter. Western Wealth Management LLC now owns 4,249 shares of the company’s stock worth $283,000 after purchasing an additional 206 shares during the period. Finally, Carmichael Hill & Associates Inc. boosted its stake in shares of Vanguard Russell 1000 Value by 4.5% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 6,399 shares of the company’s stock valued at $427,000 after purchasing an additional 277 shares during the last quarter.

Vanguard Russell 1000 Value Price Performance

Shares of VONV traded up $0.39 during trading hours on Friday, hitting $75.99. 213,603 shares of the stock were exchanged, compared to its average volume of 388,347. Vanguard Russell 1000 Value has a fifty-two week low of $62.92 and a fifty-two week high of $78.81. The business has a 50-day moving average of $76.37 and a 200-day moving average of $72.38. The firm has a market capitalization of $8.14 billion, a P/E ratio of 17.49 and a beta of 0.95.

Vanguard Russell 1000 Value Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 22nd were paid a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Thursday, March 21st.

Vanguard Russell 1000 Value Company 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.