Vanguard Russell 2000 ETF (NASDAQ:VTWO) Reaches New 1-Year Low – Here’s Why

Vanguard Russell 2000 ETF (NASDAQ:VTWO) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $77.10 and last traded at $76.66, with a volume of 2803623 shares changing hands. The stock had previously closed at $81.95.

Vanguard Russell 2000 ETF Stock Down 4.5 %

The company has a market capitalization of $9.85 billion, a price-to-earnings ratio of 16.02 and a beta of 1.15. The stock’s 50-day simple moving average is $86.20 and its two-hundred day simple moving average is $89.74.

Vanguard Russell 2000 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were issued a $0.2475 dividend. The ex-dividend date was Tuesday, March 25th. This represents a $0.99 dividend on an annualized basis and a yield of 1.35%.

Institutional Trading of Vanguard Russell 2000 ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wealthfront Advisers LLC grew its position in Vanguard Russell 2000 ETF by 10,037.9% in the 4th quarter. Wealthfront Advisers LLC now owns 3,330,500 shares of the company’s stock valued at $297,514,000 after acquiring an additional 3,297,648 shares in the last quarter. Brooklyn FI LLC lifted its position in Vanguard Russell 2000 ETF by 6,181.7% in the fourth quarter. Brooklyn FI LLC now owns 2,713,449 shares of the company’s stock valued at $250,322,000 after acquiring an additional 2,670,253 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Vanguard Russell 2000 ETF by 5.4% in the 4th quarter. Bank of America Corp DE now owns 26,098,692 shares of the company’s stock valued at $2,331,396,000 after purchasing an additional 1,333,809 shares during the period. NEOS Investment Management LLC boosted its holdings in shares of Vanguard Russell 2000 ETF by 116.6% in the fourth quarter. NEOS Investment Management LLC now owns 1,586,261 shares of the company’s stock valued at $141,701,000 after acquiring an additional 853,963 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Vanguard Russell 2000 ETF during the 4th quarter worth $74,751,000.

About Vanguard Russell 2000 ETF

The Vanguard Russell 2000 ETF (VTWO) is an exchange-traded fund that is based on the Russell 2000 index, a market-cap-weighted index of US small-cap stocks VTWO was launched on Sep 20, 2010 and is managed by Vanguard.