Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) Reaches New 12-Month High – Here’s What Happened

Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) reached a new 52-week high on Friday . The company traded as high as $232.76 and last traded at $232.57, with a volume of 38856 shares changing hands. The stock had previously closed at $231.05.

Vanguard Dividend Appreciation ETF Stock Up 0.7%

The business has a fifty day simple moving average of $222.60 and a two-hundred day simple moving average of $222.54. The company has a market capitalization of $107.39 billion, a price-to-earnings ratio of 23.32 and a beta of 0.82.

Institutional Investors Weigh In On Vanguard Dividend Appreciation ETF

A number of institutional investors have recently added to or reduced their stakes in VIG. Bank of America Corp DE boosted its holdings in Vanguard Dividend Appreciation ETF by 16.2% during 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 purchasing an additional 3,448,292 shares in the last quarter. M&T Bank Corp boosted its holdings in Vanguard Dividend Appreciation ETF by 659.0% during the fourth quarter. M&T Bank Corp now owns 1,212,203 shares of the company’s stock valued at $266,418,000 after purchasing an additional 1,052,498 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in Vanguard Dividend Appreciation ETF by 102.8% during the second 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Vanguard Dividend Appreciation ETF during the third quarter valued at approximately $134,718,000. Finally, Wealthfront Advisers LLC boosted its holdings in Vanguard Dividend Appreciation ETF by 5.5% during the third quarter. Wealthfront Advisers LLC now owns 9,592,106 shares of the company’s stock valued at $2,069,881,000 after purchasing an additional 502,464 shares in the last quarter.

About Vanguard Dividend Appreciation ETF

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.