Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) Sets New 52-Week High – Still a Buy?

Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)’s share price hit a new 52-week high on Monday . The company traded as high as $226.02 and last traded at $226.10, with a volume of 773377 shares changing hands. The stock had previously closed at $224.02.

Vanguard Dividend Appreciation ETF Stock Up 1.0%

The firm has a market cap of $105.02 billion, a price-to-earnings ratio of 23.32 and a beta of 0.85. The stock’s 50-day moving average price is $222.31 and its 200 day moving average price is $216.42.

Hedge Funds Weigh In On Vanguard Dividend Appreciation ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in VIG. KPP Advisory Services LLC increased its holdings in Vanguard Dividend Appreciation ETF by 2.1% during the 4th quarter. KPP Advisory Services LLC now owns 2,700 shares of the company’s stock valued at $593,000 after purchasing an additional 55 shares in the last quarter. Avidian Wealth Enterprises LLC raised its position in Vanguard Dividend Appreciation ETF by 1.0% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 5,166 shares of the company’s stock worth $1,135,000 after purchasing an additional 53 shares during the last quarter. RIA Advisory Group LLC boosted its position in Vanguard Dividend Appreciation ETF by 188.9% in the 4th quarter. RIA Advisory Group LLC now owns 6,377 shares of the company’s stock valued at $1,402,000 after buying an additional 4,170 shares during the last quarter. WJ Financial Advisors LLC increased its stake in shares of Vanguard Dividend Appreciation ETF by 25.5% in the 4th quarter. WJ Financial Advisors LLC now owns 1,303 shares of the company’s stock valued at $286,000 after buying an additional 265 shares during the period. Finally, Alliance Wealth Strategies LLC d b a Brown Edwards Wealth Strategies acquired a new stake in shares of Vanguard Dividend Appreciation ETF in the 4th quarter valued at $1,935,000.

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.