PMG Wealth Management Inc. Purchases New Stake in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)

PMG Wealth Management Inc. acquired a new position in shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 40,259 shares of the company’s stock, valued at approximately $7,884,000. Vanguard Dividend Appreciation ETF makes up 7.2% of PMG Wealth Management Inc.’s holdings, making the stock its 2nd biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VIG. Dahring Cusmano LLC purchased a new position in Vanguard Dividend Appreciation ETF during the fourth quarter worth about $600,000. Transcend Capital Advisors LLC raised its position in shares of Vanguard Dividend Appreciation ETF by 0.6% during the 4th quarter. Transcend Capital Advisors LLC now owns 61,140 shares of the company’s stock valued at $11,973,000 after buying an additional 340 shares during the period. Bradley Foster & Sargent Inc. CT lifted its holdings in Vanguard Dividend Appreciation ETF by 13.5% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 49,327 shares of the company’s stock valued at $9,660,000 after acquiring an additional 5,867 shares during the last quarter. Cassaday & Co Wealth Management LLC lifted its holdings in Vanguard Dividend Appreciation ETF by 3.4% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,365 shares of the company’s stock valued at $1,834,000 after acquiring an additional 311 shares during the last quarter. Finally, Grove Street Fiduciary LLC purchased a new position in Vanguard Dividend Appreciation ETF in the fourth quarter worth approximately $6,301,000.

Vanguard Dividend Appreciation ETF Stock Down 1.1 %

NYSEARCA:VIG opened at $201.98 on Friday. Vanguard Dividend Appreciation ETF has a 52 week low of $173.17 and a 52 week high of $205.24. The stock’s fifty day moving average is $199.82 and its two-hundred day moving average is $198.01. The company has a market capitalization of $87.32 billion, a P/E ratio of 24.54 and a beta of 0.78.

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.