Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) Sets New 1-Year High – Time to Buy?

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

Vanguard Dividend Appreciation ETF Stock Up 1.7%

The company’s fifty day moving average price is $240.42 and its 200-day moving average price is $232.72. The stock has a market capitalization of $117.75 billion, a PE ratio of 23.32 and a beta of 0.79.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VIG. Maloon Powers Pitre Higgins & Dennehy LLC bought a new position in shares of Vanguard Dividend Appreciation ETF during the second quarter valued at $18,327,000. Range Advisory LLC boosted its holdings in shares of Vanguard Dividend Appreciation ETF by 27.0% in the second quarter. Range Advisory LLC now owns 10,369 shares of the company’s stock worth $2,454,000 after buying an additional 2,202 shares during the last quarter. Lotus Asset Management LLC purchased a new position in shares of Vanguard Dividend Appreciation ETF during the 2nd quarter worth $8,762,000. MW Advisory LLC bought a new stake in Vanguard Dividend Appreciation ETF during the second quarter valued at about $1,304,000. Finally, HB Wealth Management LLC grew 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 valued at $1,372,141,000 after acquiring an additional 94,213 shares during the period.

Vanguard Dividend Appreciation ETF Company Profile

(Get Free Report)

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.

Further Reading

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