FSM Wealth Advisors Increases Stake in Vanguard Russell 1000 Value

FSM Wealth Advisors LLC has increased its investment in Vanguard Russell 1000 Value (NASDAQ:VONV - Free Report) by 6.1% during the third quarter, as revealed in its latest filing with the SEC. After this increase, FSM Wealth Advisors LLC now owns 171,879 shares of Vanguard’s stock, following the acquisition of an additional 9,882 shares during this period. This stock is significant to FSM Wealth Advisors LLC, representing 3.8% of its total portfolio and making it the seventh largest holding.

As of the most recent SEC filing, FSM Wealth Advisors LLC's investment in Vanguard Russell 1000 Value is valued at approximately $14,323,000, equating to about 0.15% of the total stock.”

Other Institutional Moves

Other institutional investors have also been active with Vanguard Russell 1000 Value. For example, M3 Advisory Group LLC raised its holdings by 0.7% in the third quarter, bringing its total to 19,320 shares worth $1,610,000 following the purchase of an additional 130 shares.

Simplicity Wealth LLC increased its stake by 2.6% during the second quarter, now holding 5,331 shares valued at $408,000 after acquiring another 135 shares. Meanwhile, Golden Road Advisors LLC raised its position by 0.3% in the third quarter, owning 52,316 shares worth $4,359,000 after a purchase of an additional 145 shares.

Quotient Wealth Partners LLC expanded its stake by 3.8% during the same period, now holding 4,422 shares valued at $368,000 after adding 162 shares. Lastly, Cyndeo Wealth Partners LLC raised its investment by 2.0% in the third quarter, owning 9,054 shares worth $754,000 following the purchase of 179 additional shares.

Vanguard Russell 1000 Value Stock Performance

On Tuesday, shares of VONV opened at $82.30. The company boasts a market capitalization of $9.34 billion, with a price-to-earnings (PE) ratio standing at 17.49 and a beta of 0.95. Over the past year, the stock has fluctuated between a low of $65.25 and a high of $85.04. The current 50-day moving average is $82.73, while the 200-day moving average is $79.42.

Dividend Increase Announcement

Recently, Vanguard Russell 1000 Value announced a quarterly dividend, which was paid out on September 30th. Shareholders who were on record as of September 26th received a dividend of $0.437 per share, an increase from the previous dividend of $0.39. The ex-dividend date also fell on September 26th. This gives a total annualized dividend of $1.75, providing a yield of 2.12%.

About Vanguard Russell 1000 Value

The Vanguard Russell 1000 Value ETF (VONV) is an exchange-traded fund that tracks the Russell 1000 Value index, which comprises value stocks drawn from the 1,000 largest companies in the United States. The ETF was launched on September 20, 2010, and is managed by Vanguard.

Vanguard, Investors, Stock, ETF