Paragon Capital Management Ltd Sells 7,716 Shares of Vanguard Dividend Appreciation ETF $VIG

Paragon Capital Management Ltd decreased its stake in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 2.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 324,693 shares of the company’s stock after selling 7,716 shares during the period. Vanguard Dividend Appreciation ETF comprises 12.2% of Paragon Capital Management Ltd’s holdings, making the stock its largest position. Paragon Capital Management Ltd’s holdings in Vanguard Dividend Appreciation ETF were worth $66,455,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in VIG. Vanguard Group Inc. raised its position in shares of Vanguard Dividend Appreciation ETF by 4.6% during the first quarter. Vanguard Group Inc. now owns 10,160,433 shares of the company’s stock worth $1,971,022,000 after purchasing an additional 451,169 shares during the period. Wealthfront Advisers LLC raised its position in shares of Vanguard Dividend Appreciation ETF by 10.8% during the first quarter. Wealthfront Advisers LLC now owns 7,603,273 shares of the company’s stock worth $1,474,959,000 after purchasing an additional 738,441 shares during the period. LPL Financial LLC raised its position in shares of Vanguard Dividend Appreciation ETF by 4.5% during the first quarter. LPL Financial LLC now owns 6,285,425 shares of the company’s stock worth $1,219,309,000 after purchasing an additional 269,131 shares during the period. HB Wealth Management LLC raised its position in shares of Vanguard Dividend Appreciation ETF by 9.9% during the first quarter. HB Wealth Management LLC now owns 5,349,243 shares of the company’s stock worth $1,027,305,000 after purchasing an additional 480,314 shares during the period. Finally, Raymond James Financial Inc. raised its position in shares of Vanguard Dividend Appreciation ETF by 1.9% during the first quarter. Raymond James Financial Inc. now owns 5,329,391 shares of the company’s stock worth $1,033,848,000 after purchasing an additional 99,758 shares during the period.

Vanguard Dividend Appreciation ETF Price Performance

NYSEARCA VIG opened at $215.40 on Friday. The firm has a market cap of $97.10 billion, a P/E ratio of 23.32 and a beta of 0.85. The stock’s 50-day moving average is $210.78 and its 200-day moving average is $200.68. Vanguard Dividend Appreciation ETF has a one year low of $169.32 and a one year high of $217.32.

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.