Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) Hits New 12-Month High – Time to Buy?

Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $230.63 and last traded at $230.57, with a volume of 323778 shares traded. The stock had previously closed at $228.68.

Vanguard Dividend Appreciation ETF Price Performance

The firm has a 50 day moving average of $221.76 and a two-hundred day moving average of $222.04. The stock has a market cap of $106.50 billion, a PE ratio of 23.32 and a beta of 0.82.

Institutional Investors Weigh In On Vanguard Dividend Appreciation ETF

Several institutional investors have recently added to or reduced their stakes in VIG. Bank of America Corp DE lifted its stake in Vanguard Dividend Appreciation ETF by 16.2% in the fourth quarter. Bank of America Corp DE now owns 24,739,680 shares of the company’s stock valued at $5,437,287,000 after buying an additional 3,448,292 shares during the last quarter. M&T Bank Corp lifted its stake in Vanguard Dividend Appreciation ETF by 659.0% in the fourth quarter. M&T Bank Corp now owns 1,212,203 shares of the company’s stock valued at $266,418,000 after buying an additional 1,052,498 shares during the last quarter. Corient Private Wealth LLC lifted its stake in Vanguard Dividend Appreciation ETF by 102.8% in the second quarter. Corient Private Wealth LLC now owns 1,750,677 shares of the company’s stock valued at $358,334,000 after buying an additional 887,305 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Vanguard Dividend Appreciation ETF in the third quarter valued at approximately $134,718,000. Finally, Wealthfront Advisers LLC lifted its stake in Vanguard Dividend Appreciation ETF by 5.5% in the third quarter. Wealthfront Advisers LLC now owns 9,592,106 shares of the company’s stock valued at $2,069,881,000 after buying an additional 502,464 shares during the last quarter.

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