Advocacy Wealth Management Services LLC Reduces Position in Vanguard Russell 1000 Value (NASDAQ:VONV)

Advocacy Wealth Management Services LLC lessened its stake in Vanguard Russell 1000 Value (NASDAQ:VONV - Free Report) by 81.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,404 shares of the company's stock after selling 15,222 shares during the period. Advocacy Wealth Management Services LLC's holdings in Vanguard Russell 1000 Value were worth $277,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Synergy Asset Management LLC purchased a new stake in shares of Vanguard Russell 1000 Value in the fourth quarter valued at approximately $25,000. WFA Asset Management Corp acquired a new position in Vanguard Russell 1000 Value during the fourth quarter worth $26,000. Lee Danner & Bass Inc. acquired a new position in Vanguard Russell 1000 Value during the fourth quarter worth $30,000. Crews Bank & Trust purchased a new position in Vanguard Russell 1000 Value during the fourth quarter valued at $46,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in shares of Vanguard Russell 1000 Value in the fourth quarter valued at about $48,000.

Vanguard Russell 1000 Value Stock Performance

Shares of VONV traded down $0.35 during mid-day trading on Monday, hitting $80.79. 374,787 shares of the company were exchanged, compared to its average volume of 905,062. Vanguard Russell 1000 Value has a 1-year low of $71.68 and a 1-year high of $87.97. The stock has a market cap of $11.22 billion, a price-to-earnings ratio of 18.43 and a beta of 0.95. The company has a 50 day moving average of $80.27 and a 200-day moving average of $82.87.

Vanguard Russell 1000 Value Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were given a $0.3843 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $1.54 annualized dividend and a dividend yield of 1.90%.

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.