Rialto Wealth Management LLC Reduces Stake in Vanguard Dividend Appreciation ETF $VIG

Rialto Wealth Management LLC reduced its holdings in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 40.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 495 shares of the company’s stock after selling 336 shares during the quarter. Rialto Wealth Management LLC’s holdings in Vanguard Dividend Appreciation ETF were worth $101,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VIG. Brighton Jones LLC boosted its stake in shares of Vanguard Dividend Appreciation ETF by 92.5% during the 4th quarter. Brighton Jones LLC now owns 34,563 shares of the company’s stock valued at $6,768,000 after purchasing an additional 16,606 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in Vanguard Dividend Appreciation ETF by 12.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,066 shares of the company’s stock worth $992,000 after buying an additional 577 shares during the period. CFO4Life Group LLC lifted its holdings in Vanguard Dividend Appreciation ETF by 6.9% in the first quarter. CFO4Life Group LLC now owns 1,584 shares of the company’s stock worth $307,000 after buying an additional 102 shares during the period. MJP Associates Inc. ADV boosted its position in Vanguard Dividend Appreciation ETF by 1.1% during the 1st quarter. MJP Associates Inc. ADV now owns 266,297 shares of the company’s stock valued at $51,659,000 after acquiring an additional 2,814 shares in the last quarter. Finally, FIDELIS iM LLC grew its holdings in shares of Vanguard Dividend Appreciation ETF by 5.9% during the 1st quarter. FIDELIS iM LLC now owns 161,091 shares of the company’s stock worth $31,250,000 after acquiring an additional 9,014 shares during the period.

Vanguard Dividend Appreciation ETF Stock Performance

Shares of NYSEARCA:VIG opened at $215.64 on Friday. The firm has a market capitalization of $97.76 billion, a P/E ratio of 23.32 and a beta of 0.85. The stock has a 50 day moving average price of $215.70 and a 200-day moving average price of $206.69. Vanguard Dividend Appreciation ETF has a 52-week low of $169.32 and a 52-week high of $220.49.

Vanguard Dividend Appreciation ETF 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.