Bank of America Corp DE Has $1.91 Billion Position in Vanguard Russell 1000 Value (NASDAQ:VONV)

Bank of America Corp DE increased its holdings in Vanguard Russell 1000 Value (NASDAQ:VONV - Free Report) by 17.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,515,240 shares of the company's stock after purchasing an additional 3,443,350 shares during the period. Bank of America Corp DE owned approximately 19.25% of Vanguard Russell 1000 Value worth $1,910,613,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TIAA Trust National Association increased its position in shares of Vanguard Russell 1000 Value by 2.2% during the 4th quarter. TIAA Trust National Association now owns 3,973,639 shares of the company's stock worth $322,858,000 after purchasing an additional 87,421 shares in the last quarter. SageView Advisory Group LLC increased its holdings in shares of Vanguard Russell 1000 Value by 18.3% during the fourth quarter. SageView Advisory Group LLC now owns 2,369,344 shares of the company's stock worth $192,509,000 after buying an additional 366,318 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Vanguard Russell 1000 Value by 1.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,216,616 shares of the company's stock valued at $180,100,000 after acquiring an additional 27,759 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Vanguard Russell 1000 Value by 6.4% in the 4th quarter. LPL Financial LLC now owns 1,526,119 shares of the company's stock worth $123,997,000 after acquiring an additional 92,108 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Vanguard Russell 1000 Value by 5.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,331,241 shares of the company's stock worth $108,163,000 after acquiring an additional 64,052 shares during the last quarter.

Vanguard Russell 1000 Value Stock Performance

Shares of VONV opened at $81.14 on Monday. The company has a market cap of $11.26 billion, a price-to-earnings ratio of 18.43 and a beta of 0.95. The stock has a fifty day moving average price of $80.34 and a two-hundred day moving average price of $82.90. Vanguard Russell 1000 Value has a 52-week low of $71.68 and a 52-week high of $87.97.

Vanguard Russell 1000 Value Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were issued a $0.3843 dividend. The ex-dividend date was Tuesday, March 25th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 1.89%.

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.

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