Royal Fund Management LLC Reduces Stock Position in Vanguard Russell 1000 (NASDAQ:VONE)

Royal Fund Management LLC lessened its stake in Vanguard Russell 1000 (NASDAQ:VONE) by 6.3% during the fourth quarter, Holdings Channel reports. The firm owned 51,929 shares of the company’s stock after selling 3,475 shares during the period. Vanguard Russell 1000 makes up approximately 1.2% of Royal Fund Management LLC’s portfolio, making the stock its 10th largest position. Royal Fund Management LLC’s holdings in Vanguard Russell 1000 were worth $11,270,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. FMR LLC increased its position in shares of Vanguard Russell 1000 by 0.7% during the third quarter. FMR LLC now owns 1,185,725 shares of the company’s stock valued at $230,813,000 after acquiring an additional 8,786 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Vanguard Russell 1000 by 1.5% during the third quarter. Ameriprise Financial Inc. now owns 769,216 shares of the company’s stock valued at $149,738,000 after acquiring an additional 11,012 shares during the last quarter. Red Cedar Investment Management LLC increased its position in shares of Vanguard Russell 1000 by 5.2% during the third quarter. Red Cedar Investment Management LLC now owns 751,604 shares of the company’s stock valued at $146,307,000 after acquiring an additional 37,369 shares during the last quarter. Cerity Partners LLC increased its position in shares of Vanguard Russell 1000 by 2.1% during the fourth quarter. Cerity Partners LLC now owns 312,346 shares of the company’s stock valued at $67,761,000 after acquiring an additional 6,410 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Vanguard Russell 1000 by 2.7% during the third quarter. Envestnet Asset Management Inc. now owns 217,927 shares of the company’s stock valued at $42,422,000 after acquiring an additional 5,696 shares during the last quarter.

Vanguard Russell 1000 Trading Up 1.2 %

Shares of VONE traded up $2.67 on Friday, reaching $232.54. 58,458 shares of the company’s stock traded hands, compared to its average volume of 70,200. The stock has a market cap of $4.62 billion, a PE ratio of 24.78 and a beta of 1.02. The stock’s 50 day simple moving average is $233.02 and its two-hundred day simple moving average is $219.30. Vanguard Russell 1000 has a 52-week low of $183.23 and a 52-week high of $238.89.

Vanguard Russell 1000 Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 22nd were given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Thursday, March 21st.

Vanguard Russell 1000 Profile

The Vanguard Russell 1000 ETF (VONE) is an exchange-traded fund that is based on the Russell 1000 index, a market-cap-weighted index of the 1000 largest US companies. VONE was launched on Sep 20, 2010 and is managed by Vanguard.