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

Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $240.08 and last traded at $238.88, with a volume of 910274 shares traded. The stock had previously closed at $239.03.

Vanguard Dividend Appreciation ETF Price Performance

The stock has a market capitalization of $111.17 billion, a PE ratio of 23.32 and a beta of 0.82. The business’s fifty day moving average price is $233.01 and its two-hundred day moving average price is $226.35.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its position 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. Morgan Stanley boosted its holdings in shares of Vanguard Dividend Appreciation ETF by 2.0% in the 4th quarter. Morgan Stanley now owns 12,774,029 shares of the company’s stock valued at $2,807,477,000 after acquiring an additional 247,444 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Vanguard Dividend Appreciation ETF by 2.2% in the fourth quarter. Wells Fargo & Company MN now owns 10,814,160 shares of the company’s stock worth $2,376,736,000 after acquiring an additional 228,122 shares during the period. Vanguard Group Inc. raised its holdings in shares of Vanguard Dividend Appreciation ETF by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 10,690,700 shares of the company’s stock worth $2,349,602,000 after purchasing an additional 130,639 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its holdings in shares of Vanguard Dividend Appreciation ETF by 3.0% during the fourth quarter. Wealthfront Advisers LLC now owns 9,879,191 shares of the company’s stock worth $2,171,249,000 after purchasing an additional 287,085 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.