Cherrydale Wealth Management Increases Stake in Vanguard Russell 1000

Cherrydale Wealth Management LLC has increased its investment in Vanguard Russell 1000 (NASDAQ:VONE) by 19.3% during the third quarter of this year. This information was revealed in the firm’s most recent 13F filing with the Securities and Exchange Commission (SEC). After this increase, Cherrydale now holds 36,968 shares of Vanguard Russell 1000 stock, having added an additional 5,981 shares during the quarter.

Vanguard Russell 1000 constitutes roughly 3.9% of Cherrydale Wealth Management’s total portfolio, making it the firm’s eighth largest asset. At the end of the latest reporting period, Cherrydale Wealth Management’s stake in Vanguard Russell 1000 was valued at approximately $9,614,000, which represents about 0.19% of the total shares outstanding.

Other Institutional Investments in VONE

A number of other major investors have also adjusted their holdings in Vanguard Russell 1000. For instance, Goldman Sachs Group Inc. increased its stake by 21.5% in the fourth quarter, now owning 298,934 shares valued at $64,851,000 after acquiring an additional 52,943 shares. Additionally, Hilltop Partners LLC raised its ownership by 6.6% in the second quarter, with a total holding of 294,774 shares now valued at $72,535,000.

Choreo LLC made a significant move as well, boosting its stake by 42.4% in the first quarter, now totaling 30,582 shares worth $7,288,000. Creative Planning also enhanced its position by 15.8% during the second quarter, with a new total of 34,761 shares valued at $8,554,000. Meanwhile, Silver Lake Advisory LLC acquired a new position valued at about $25,526,000 during the second quarter.

Current Stock Performance

As of Monday, Vanguard Russell 1000 shares saw an increase, trading up by $1.24 to reach $264.29. The trading volume for the stock was recorded at 12,868 shares, falling short of its average volume of 62,854. Over the past year, the stock has fluctuated between a low of $185.74 and a high of $264.37. The market capitalization stands at approximately $5.25 billion, with a P/E ratio of 24.78 and a beta of 1.02. The fifty-day and two-hundred-day moving averages are currently at $252.77 and $245.14, respectively.

Dividend Announcement

In addition to recent investment activities, Vanguard Russell 1000 announced a quarterly dividend that was paid to shareholders on September 30. Stockholders on record as of September 26 received a dividend of $0.824, which translates to an annualized dividend of $3.30, reflecting a yield of 1.25%. This marks an increase from the previous quarterly dividend of $0.81. The ex-dividend date was also on September 26.

About Vanguard Russell 1000

The Vanguard Russell 1000 ETF (VONE) is an exchange-traded fund closely tied to the Russell 1000 index, which represents the 1,000 largest U.S. companies based on market capitalization. VONE was established on September 20, 2010, and is managed by Vanguard.

Cherrydale, Vanguard, Investment