Kingdom Financial Group LLC. Makes New Investment in Vanguard Dividend Appreciation ETF $VIG

Kingdom Financial Group LLC. purchased a new position in shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) during the 4th quarter, Holdings Channel.com reports. The fund purchased 16,360 shares of the company’s stock, valued at approximately $3,596,000. Vanguard Dividend Appreciation ETF accounts for 1.1% of Kingdom Financial Group LLC.’s investment portfolio, making the stock its 13th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VIG. M&T Bank Corp grew its position in Vanguard Dividend Appreciation ETF by 659.0% during the 4th quarter. M&T Bank Corp now owns 1,212,203 shares of the company’s stock worth $266,418,000 after purchasing an additional 1,052,498 shares during the period. 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 worth $358,334,000 after purchasing an additional 887,305 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Vanguard Dividend Appreciation ETF during the 3rd quarter worth about $134,718,000. Wealthfront Advisers LLC grew its position in Vanguard Dividend Appreciation ETF by 5.5% during the 3rd quarter. Wealthfront Advisers LLC now owns 9,592,106 shares of the company’s stock worth $2,069,881,000 after purchasing an additional 502,464 shares during the period. Finally, Orion Porfolio Solutions LLC boosted its stake in shares of Vanguard Dividend Appreciation ETF by 2,949.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 392,738 shares of the company’s stock worth $80,382,000 after acquiring an additional 379,860 shares in the last quarter.

Vanguard Dividend Appreciation ETF Stock Up 0.2%

VIG stock opened at $231.05 on Friday. The company’s 50-day simple moving average is $222.60 and its 200-day simple moving average is $222.54. Vanguard Dividend Appreciation ETF has a 52-week low of $193.01 and a 52-week high of $231.32. The firm has a market cap of $106.63 billion, a P/E ratio of 23.32 and a beta of 0.82.

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.