The Vanguard Russell 1000 ETF (NASDAQ: VONE) reached a new 52-week high during trading on Thursday, hitting a peak of $312.44. The ETF, which focuses on the largest U.S. companies, last traded at $312.2150, with a trading volume of 37,354 shares. This increase follows a previous closing price of $311.51.
Share Performance and Market Metrics
The Vanguard Russell 1000 ETF has a market capitalization of $7.06 billion and a price-to-earnings (P/E) ratio of 24.55. With a beta of 1.02, the ETF’s performance is closely aligned with the broader market. Its fifty-day moving average stands at $305.83, while the 200-day moving average is $293.48, indicating a positive trend in its value over the past months.
Dividend Increase and Investor Returns
In a recent development, the Vanguard Russell 1000 ETF declared a quarterly dividend of $0.8463 per share, which was paid on September 26, 2023. This new dividend represents an annualized yield of 1.1%, up from the previous quarterly dividend of $0.78. Shareholders on record as of September 24 received this payment, reflecting the company’s commitment to returning value to its investors.
The ETF, launched on September 20, 2010, is designed to track the Russell 1000 index, a market-cap-weighted index composed of the 1,000 largest U.S. companies. This strategic focus makes it an appealing option for investors seeking exposure to major players in the U.S. economy.
As the Vanguard Russell 1000 ETF continues to demonstrate strong performance and increased dividends, investors are considering the implications for their portfolios. While the recent high may prompt questions about sustainability, the underlying fundamentals appear robust, suggesting potential opportunities for both current and prospective investors.
