Independent Advisor Alliance Acquires Stake in Vanguard Russell 1000 (NASDAQ:VONE)

Independent Advisor Alliance has recently taken a significant step by acquiring a new stake in the Vanguard Russell 1000 ETF (NASDAQ:VONE) during the final quarter of the year. According to the latest disclosure submitted to the Securities and Exchange Commission, the firm purchased 1,329 shares valued at around $355,000.

This acquisition comes alongside similar actions from other institutional investors who have also made adjustments to their holdings of Vanguard Russell 1000. For instance, Rialto Wealth Management LLC has acquired a new position in Vanguard Russell 1000 worth approximately $9.65 million in the same quarter. Moreover, PNC Financial Services Group Inc. expanded its stake by an impressive 214.8%. After purchasing an additional 1,074 shares, PNC now owns a total of 1,574 shares valued at $420,000.

Additionally, AMG National Trust Bank and Raymond James Financial Inc. also made new investments in Vanguard Russell 1000, valued at $384,000 and $72.94 million, respectively. Meanwhile, Assetmark Inc. increased its holdings by 113.9%, now owning 169 shares valued at $45,000 after purchasing 90 additional shares during the same period. This surge in institutional interest highlights the growing confidence in the ETF.

Vanguard Russell 1000 Stock Overview

On Wednesday, shares of VONE opened at $254.74. The ETF has a market capitalization of $5.15 billion, a P/E ratio of 24.49, and a beta of 1.02, indicating moderate volatility compared to the market. The fifty-day moving average is currently at $269.67, while the two-hundred-day moving average sits at $266.70. Over the past year, Vanguard Russell 1000 has reached a low of $224.66 and a high of $279.48, showcasing its potential for growth in the market.

Dividend Information from Vanguard Russell 1000

Vanguard Russell 1000 recently announced a dividend which was disbursed on Thursday, December 26. Shareholders who were on record as of Monday, December 23, received a dividend of $0.8477. For those interested in dividend opportunities, it's worth noting the ex-dividend date was set for December 23, emphasizing the importance of timing for investors.

About Vanguard Russell 1000

The Vanguard Russell 1000 ETF (VONE) tracks the Russell 1000 index, which is a market-cap-weighted index that includes the 1000 largest publicly traded companies in the United States. This ETF was launched on September 20, 2010, and is managed by Vanguard, a prominent name in investment management.

Conclusion

The significant investment moves by Independent Advisor Alliance and other institutional investors reflect a robust interest in the Vanguard Russell 1000. As the ETF continues to perform well, it may present attractive opportunities for investors looking to enter the market.

Investment, ETF, Vanguard