Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) Reaches New 52-Week High – Here’s Why

Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)’s share price hit 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 trading hands. The stock had previously closed at $239.03.

Vanguard Dividend Appreciation ETF Stock Up 0.5%

The company has a 50 day simple moving average of $233.50 and a 200-day simple moving average of $226.60. The stock has a market cap of $111.05 billion, a price-to-earnings ratio of 23.32 and a beta of 0.82.

Institutional Investors Weigh In On Vanguard Dividend Appreciation ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. LifeGoal Investments LLC increased its stake in Vanguard Dividend Appreciation ETF by 1.5% during the second quarter. LifeGoal Investments LLC now owns 2,858 shares of the company’s stock valued at $676,000 after purchasing an additional 43 shares during the last quarter. Salomon & Ludwin LLC lifted its position in shares of Vanguard Dividend Appreciation ETF by 4.3% in the 4th quarter. Salomon & Ludwin LLC now owns 1,084 shares of the company’s stock worth $241,000 after buying an additional 45 shares during the last quarter. Rather & Kittrell Inc. boosted its holdings in shares of Vanguard Dividend Appreciation ETF by 3.9% in the 4th quarter. Rather & Kittrell Inc. now owns 1,206 shares of the company’s stock valued at $265,000 after buying an additional 45 shares during the period. OMNI 360 Wealth Inc. boosted its holdings in shares of Vanguard Dividend Appreciation ETF by 1.2% in the 4th quarter. OMNI 360 Wealth Inc. now owns 3,762 shares of the company’s stock valued at $845,000 after buying an additional 45 shares during the period. Finally, Essex LLC grew its position in shares of Vanguard Dividend Appreciation ETF by 0.8% during the 4th quarter. Essex LLC now owns 5,915 shares of the company’s stock valued at $1,300,000 after buying an additional 46 shares during 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.