Independence Financial Advisors LLC Purchases New Shares in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)

Independence Financial Advisors LLC purchased a new stake in shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,922 shares of the company’s stock, valued at approximately $761,000. Vanguard Dividend Appreciation ETF makes up about 0.3% of Independence Financial Advisors LLC’s investment portfolio, making the stock its 27th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. raised its stake in shares of Vanguard Dividend Appreciation ETF by 42.7% in the first quarter. Geneos Wealth Management Inc. now owns 19,931 shares of the company’s stock valued at $3,892,000 after acquiring an additional 5,968 shares during the period. Mycio Wealth Partners LLC increased its stake in Vanguard Dividend Appreciation ETF by 0.4% in the 1st quarter. Mycio Wealth Partners LLC now owns 46,302 shares of the company’s stock worth $8,982,000 after buying an additional 180 shares during the period. Financial Management Network Inc. increased its stake in Vanguard Dividend Appreciation ETF by 0.5% in the 1st quarter. Financial Management Network Inc. now owns 18,330 shares of the company’s stock worth $3,556,000 after buying an additional 88 shares during the period. Arcataur Capital Management LLC increased its stake in Vanguard Dividend Appreciation ETF by 1.1% in the 1st quarter. Arcataur Capital Management LLC now owns 29,593 shares of the company’s stock worth $5,741,000 after buying an additional 327 shares during the period. Finally, New Republic Capital LLC increased its stake in Vanguard Dividend Appreciation ETF by 9.3% in the 1st quarter. New Republic Capital LLC now owns 1,452 shares of the company’s stock worth $282,000 after buying an additional 123 shares during the period.

Vanguard Dividend Appreciation ETF Stock Performance

NYSEARCA:VIG opened at $208.38 on Wednesday. Vanguard Dividend Appreciation ETF has a fifty-two week low of $169.32 and a fifty-two week high of $209.29. The stock has a market capitalization of $94.04 billion, a P/E ratio of 23.32 and a beta of 0.85. The company’s 50-day simple moving average is $202.69 and its 200-day simple moving average is $197.65.

About Vanguard Dividend Appreciation ETF

Vanguard Dividend Appreciation ETF (the Fund) seeks to track the investment performance of the Dividend Achievers Select Index. Vanguard Dividend Appreciation ETF is an exchange-traded share class of Vanguard Dividend Appreciation Index Fund. The Fund will hold all the stocks in the index in approximately the same proportions as their weightings in the index.