FSM Wealth Advisors Boosts Stake in Vanguard Russell 1000 Value (NASDAQ:VONV)

FSM Wealth Advisors LLC has increased its investment in the Vanguard Russell 1000 Value (NASDAQ:VONV) by 6.1% during the third quarter, as reported in its latest disclosure to the SEC. Following this acquisition, the firm now holds a total of 171,879 shares in the Vanguard Russell 1000 Value, having purchased an additional 9,882 shares during this period. This stock holds a significant position in FSM Wealth Advisors' portfolio, accounting for 3.8% and ranking as the firm's 7th largest holding.

As of the recent SEC filing, FSM Wealth Advisors owned around 0.15% of Vanguard Russell 1000 Value, valued at approximately $14,323,000. Other institutional investors have also made changes to their stakes in the same stock. For example, M3 Advisory Group LLC increased its holdings by 0.7%, reaching a total of 19,320 shares worth $1,610,000 after acquiring an extra 130 shares last quarter. Simplicity Wealth LLC also reported a 2.6% increase in its stake during the second quarter, now holding 5,331 shares worth $408,000 after adding 135 shares.

Additionally, Golden Road Advisors LLC raised its ownership by 0.3% in the third quarter and currently possesses 52,316 shares, valued at $4,359,000 after purchasing 145 additional shares. Quotient Wealth Partners LLC increased its stake by 3.8% during the same quarter, owning now 4,422 shares valued at $368,000 following the addition of 162 shares. Similarly, Cyndeo Wealth Partners LLC also grew its investment by 2.0% in the third quarter, holding 9,054 shares worth $754,000 after acquiring another 179 shares.

Vanguard Russell 1000 Value Price Performance

The stock of Vanguard Russell 1000 Value opened at $82.30 on the latest trading day. The company's market capitalization stands at $9.34 billion, with a price-to-earnings (PE) ratio of 17.49 and a beta of 0.95. Over the past year, the stock reached a low of $65.25 and a high of $85.04. The 50-day moving average for Vanguard Russell 1000 Value is currently $82.73, while the 200-day moving average is pegged at $79.42.

Recent Dividend Increase

In addition to these developments, the company has recently declared a quarterly dividend, which was distributed on September 30th. Shareholders on record as of September 26th received a dividend of $0.437 per share, reflecting an increase from the previous dividend of $0.39. The ex-dividend date for this payment was also September 26th. This results in an annualized dividend of $1.75, showcasing a yield of 2.12%.

About Vanguard Russell 1000 Value

The Vanguard Russell 1000 Value ETF (VONV) is an exchange-traded fund designed to track the Russell 1000 Value index. This fund includes a selection of value stocks derived from the largest 1,000 companies in the U.S. Vanguard launched this fund on September 20, 2010, and it is managed by Vanguard.

investment, ETF, portfolio