Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) Sets New 1-Year High – Here’s Why

Shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $251.43 and last traded at $251.0830, with a volume of 122,731 shares trading hands. The stock had previously closed at $247.47.

Vanguard Dividend Appreciation ETF Trading Down 3.3%

The firm has a market capitalization of $114.31 billion, a PE ratio of 23.32 and a beta of 0.79. The firm has a 50 day simple moving average of $240.59 and a 200 day simple moving average of $232.95.

Institutional Investors Weigh In On Vanguard Dividend Appreciation ETF

Institutional investors have recently modified their holdings of the business. HB Wealth Management LLC boosted its stake in shares of Vanguard Dividend Appreciation ETF by 1.6% during the 2nd quarter. HB Wealth Management LLC now owns 5,857,815 shares of the company’s stock worth $1,372,141,000 after purchasing an additional 94,213 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Vanguard Dividend Appreciation ETF by 3.2% during the second quarter. Envestnet Asset Management Inc. now owns 2,577,266 shares of the company’s stock worth $609,833,000 after buying an additional 80,365 shares in the last quarter. Signaturefd LLC raised its position in shares of Vanguard Dividend Appreciation ETF by 2.9% in the third quarter. Signaturefd LLC now owns 2,349,375 shares of the company’s stock valued at $548,133,000 after buying an additional 66,078 shares during the last quarter. Modera Wealth Management LLC raised its position in shares of Vanguard Dividend Appreciation ETF by 4.6% in the third quarter. Modera Wealth Management LLC now owns 1,736,328 shares of the company’s stock valued at $405,103,000 after buying an additional 76,728 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Vanguard Dividend Appreciation ETF by 90.4% in the second quarter. The Manufacturers Life Insurance Company now owns 1,506,493 shares of the company’s stock valued at $356,466,000 after buying an additional 715,474 shares during the last quarter.

Vanguard Dividend Appreciation ETF Company 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. The Vanguard Group, Inc, through its Quantitative Equity Group, serves as the investment advisor of the Fund.