Novem Group Buys New Stake in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)

Novem Group purchased a new position in shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 156,393 shares of the company’s stock, valued at approximately $30,626,000. Vanguard Dividend Appreciation ETF accounts for approximately 4.5% of Novem Group’s investment portfolio, making the stock its 2nd largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Curio Wealth LLC acquired a new stake in shares of Vanguard Dividend Appreciation ETF during the 4th quarter worth about $26,000. Parkworth Wealth Management Inc. bought a new stake in Vanguard Dividend Appreciation ETF during the fourth quarter worth about $28,000. Providence First Trust Co acquired a new stake in shares of Vanguard Dividend Appreciation ETF during the fourth quarter worth approximately $33,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Vanguard Dividend Appreciation ETF during the fourth quarter worth approximately $38,000. Finally, Synergy Investment Management LLC bought a new position in shares of Vanguard Dividend Appreciation ETF in the fourth quarter valued at approximately $39,000.

Vanguard Dividend Appreciation ETF Price Performance

Shares of VIG opened at $199.08 on Wednesday. The company has a market capitalization of $89.99 billion, a P/E ratio of 24.18 and a beta of 0.87. Vanguard Dividend Appreciation ETF has a one year low of $169.32 and a one year high of $205.24. The business’s 50 day simple moving average is $189.98 and its 200-day simple moving average is $196.64.

Vanguard Dividend Appreciation ETF Profile

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.