Western Wealth Management LLC Lowers Stake in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)

Western Wealth Management LLC trimmed its holdings in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 1.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 103,394 shares of the company’s stock after selling 1,684 shares during the quarter. Vanguard Dividend Appreciation ETF comprises 1.3% of Western Wealth Management LLC’s investment portfolio, making the stock its 14th largest holding. Western Wealth Management LLC’s holdings in Vanguard Dividend Appreciation ETF were worth $20,057,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealthfront Advisers LLC grew its holdings in shares of Vanguard Dividend Appreciation ETF by 284.3% during the fourth quarter. Wealthfront Advisers LLC now owns 26,221,100 shares of the company’s stock worth $5,134,878,000 after buying an additional 19,397,896 shares during the last quarter. Bank of America Corp DE lifted its position in Vanguard Dividend Appreciation ETF by 17.1% during the 4th quarter. Bank of America Corp DE now owns 24,743,391 shares of the company’s stock worth $4,845,498,000 after acquiring an additional 3,605,152 shares during the period. Wells Fargo & Company MN grew its stake in shares of Vanguard Dividend Appreciation ETF by 8.6% in the 4th quarter. Wells Fargo & Company MN now owns 10,520,396 shares of the company’s stock valued at $2,060,209,000 after purchasing an additional 832,983 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Vanguard Dividend Appreciation ETF by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 9,709,264 shares of the company’s stock valued at $1,901,365,000 after purchasing an additional 301,772 shares during the period. Finally, Castlekeep Investment Advisors LLC acquired a new position in shares of Vanguard Dividend Appreciation ETF in the fourth quarter valued at approximately $1,253,526,000.

Vanguard Dividend Appreciation ETF Price Performance

Shares of NYSEARCA VIG opened at $202.33 on Thursday. The stock has a fifty day moving average price of $195.41 and a 200 day moving average price of $196.22. Vanguard Dividend Appreciation ETF has a 1-year low of $169.32 and a 1-year high of $205.24. The company has a market cap of $91.19 billion, a PE ratio of 23.32 and a beta of 0.86.

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.