Spectrum Asset Management Reduces Stake in Vanguard Russell 1000

Spectrum Asset Management Inc. NB CA has significantly reduced its investment in Vanguard Russell 1000 (NASDAQ:VONE) by 62.6% during the third quarter, as detailed in its latest Form 13F submission to the Securities and Exchange Commission (SEC). Following the sale of 5,648 shares, the fund currently holds 3,373 shares in the company.

As of its most recent filing, Spectrum Asset Management Inc. NB CA's stake in Vanguard Russell 1000 is valued at approximately $877,000.

Other institutional investors have also made adjustments to their holdings in Vanguard Russell 1000. For instance, Peoples Bank KS acquired a new position worth about $34,000 in the third quarter. Geneos Wealth Management Inc. entered a new investment in the first quarter valued at approximately $35,000. PNC Financial Services Group Inc. bought a new stake in the fourth quarter amounting to around $108,000. Ashton Thomas Private Wealth LLC invested around $143,000 in the second quarter, and Valmark Advisers Inc. purchased shares worth approximately $239,000 in the same quarter.

Performance Metrics of Vanguard Russell 1000

As of last Thursday, shares of VONE opened at $262.26. With a market capitalization of $5.21 billion, the company has a price-to-earnings (PE) ratio of 24.78 and a beta of 1.02, indicating moderate volatility. Over the past year, Vanguard Russell 1000 has recorded a low of $185.74 and a high of $265.76. The company’s 50-day moving average stands at $256.64, while the 200-day moving average is $246.62.

Dividend Announcement by Vanguard Russell 1000

Recently, Vanguard Russell 1000 declared its quarterly dividend, which was disbursed on Monday, September 30th. Shareholders recorded on Thursday, September 26th, received a dividend payment of $0.824. This translates to an annualized dividend of $3.30, providing a yield of 1.26%. This noted increase from the previous quarterly dividend of $0.81 displays the company's steady performance.

Overview of Vanguard Russell 1000

The Vanguard Russell 1000 ETF (VONE) is an exchange-traded fund that tracks the Russell 1000 index, which includes the 1,000 largest publicly traded companies in the United States based on market capitalization. Launched on September 20, 2010, it is managed by Vanguard.

Additional Information for Investors

While analysts generally maintain a "hold" rating for Vanguard Russell 1000, it is essential for investors to stay informed about other investment opportunities. Some analysts have identified five stocks that they believe present better investment prospects at this time.

Spectrum, Vanguard, Investment