Main Street Financial Solutions LLC Invests $640,000 in Vanguard Russell 1000 Value (NASDAQ:VONV)

Main Street Financial Solutions LLC purchased a new position in Vanguard Russell 1000 Value (NASDAQ:VONV - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,874 shares of the company's stock, valued at approximately $640,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Synergy Asset Management LLC acquired a new stake in Vanguard Russell 1000 Value in the fourth quarter valued at about $25,000. WFA Asset Management Corp acquired a new position in Vanguard Russell 1000 Value during the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. bought a new position in Vanguard Russell 1000 Value in the 4th quarter valued at approximately $30,000. Crews Bank & Trust acquired a new stake in Vanguard Russell 1000 Value in the fourth quarter valued at approximately $46,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Vanguard Russell 1000 Value during the fourth quarter worth $49,000.

Vanguard Russell 1000 Value Price Performance

Shares of NASDAQ VONV traded up $1.49 during mid-day trading on Tuesday, hitting $77.40. 109,750 shares of the stock traded hands, compared to its average volume of 910,084. The company has a market cap of $10.84 billion, a PE ratio of 18.43 and a beta of 0.89. Vanguard Russell 1000 Value has a twelve month low of $71.68 and a twelve month high of $87.97. The firm has a 50 day simple moving average of $81.41 and a two-hundred day simple moving average of $83.17.

Vanguard Russell 1000 Value Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were paid a dividend of $0.3843 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date was Tuesday, March 25th.

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.