Northwestern Mutual Wealth Management Co. Reduces Stock Holdings in Vanguard Dividend Appreciation ETF $VIG

Northwestern Mutual Wealth Management Co. lowered its stake in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,519,922 shares of the company’s stock after selling 67,670 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Vanguard Dividend Appreciation ETF were worth $359,644,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in Vanguard Dividend Appreciation ETF by 16.2% during the 4th 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 in the last quarter. Corient Private Wealth LLC grew its position in Vanguard Dividend Appreciation ETF by 102.8% during the 2nd quarter. Corient Private Wealth LLC now owns 1,750,677 shares of the company’s stock valued at $358,334,000 after purchasing an additional 887,305 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Vanguard Dividend Appreciation ETF during the 3rd quarter valued at about $134,718,000. Orion Porfolio Solutions LLC raised its holdings in Vanguard Dividend Appreciation ETF by 2,949.7% in the second quarter. Orion Porfolio Solutions LLC now owns 392,738 shares of the company’s stock worth $80,382,000 after buying an additional 379,860 shares during the last quarter. Finally, Spirit of America Management Corp NY raised its holdings in Vanguard Dividend Appreciation ETF by 18,919.1% in the 2nd quarter. Spirit of America Management Corp NY now owns 378,100 shares of the company’s stock worth $89,466,000 after acquiring an additional 376,112 shares during the last quarter.

Vanguard Dividend Appreciation ETF Stock Performance

VIG opened at $242.07 on Tuesday. The company’s 50-day simple moving average is $240.44 and its two-hundred day simple moving average is $231.23. Vanguard Dividend Appreciation ETF has a 52-week low of $208.73 and a 52-week high of $247.45. The stock has a market capitalization of $112.65 billion, a P/E ratio of 23.32 and a beta of 0.81.

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.