Destination Wealth Management Increases Position in Vanguard Dividend Appreciation ETF $VIG

Destination Wealth Management increased its stake in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 148.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,643 shares of the company’s stock after acquiring an additional 3,970 shares during the period. Destination Wealth Management’s holdings in Vanguard Dividend Appreciation ETF were worth $1,460,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Eagle Bluffs Wealth Management LLC purchased a new position in Vanguard Dividend Appreciation ETF in the fourth quarter worth $218,000. Arax Advisory Partners boosted its position in Vanguard Dividend Appreciation ETF by 30.5% during the fourth quarter. Arax Advisory Partners now owns 54,284 shares of the company’s stock valued at $11,931,000 after buying an additional 12,686 shares during the period. Bristlecone Value Partners LLC purchased a new stake in Vanguard Dividend Appreciation ETF during the fourth quarter valued at about $8,771,000. Jacobi Capital Management LLC boosted its position in Vanguard Dividend Appreciation ETF by 5.2% during the fourth quarter. Jacobi Capital Management LLC now owns 15,510 shares of the company’s stock valued at $3,409,000 after buying an additional 770 shares during the period. Finally, CreativeOne Wealth LLC boosted its position in Vanguard Dividend Appreciation ETF by 0.6% during the fourth quarter. CreativeOne Wealth LLC now owns 97,097 shares of the company’s stock valued at $21,340,000 after buying an additional 621 shares during the period.

Vanguard Dividend Appreciation ETF Stock Up 0.5%

NYSEARCA VIG opened at $235.73 on Friday. The company has a 50-day simple moving average of $228.50 and a two-hundred day simple moving average of $224.51. Vanguard Dividend Appreciation ETF has a 12-month low of $198.37 and a 12-month high of $236.71. The firm has a market cap of $108.79 billion, a price-to-earnings ratio of 23.32 and a beta of 0.82.

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