Ballast Financial Advisors LLC Makes New $2.18 Million Investment in Vanguard Dividend Appreciation ETF $VIG

Ballast Financial Advisors LLC acquired a new position in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,895 shares of the company’s stock, valued at approximately $2,175,000. Vanguard Dividend Appreciation ETF comprises about 2.2% of Ballast Financial Advisors LLC’s investment portfolio, making the stock its 12th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Bank of America Corp DE boosted its position in Vanguard Dividend Appreciation ETF by 16.2% in the fourth quarter. Bank of America Corp DE now owns 24,739,680 shares of the company’s stock worth $5,437,287,000 after purchasing an additional 3,448,292 shares during the last quarter. Morgan Stanley raised its stake in shares of Vanguard Dividend Appreciation ETF by 2.0% in the fourth quarter. Morgan Stanley now owns 12,774,029 shares of the company’s stock valued at $2,807,477,000 after buying an additional 247,444 shares during the period. Wells Fargo & Company MN raised its stake in shares of Vanguard Dividend Appreciation ETF by 2.2% in the fourth quarter. Wells Fargo & Company MN now owns 10,814,160 shares of the company’s stock valued at $2,376,736,000 after buying an additional 228,122 shares during the period. Vanguard Group Inc. raised its stake in shares of Vanguard Dividend Appreciation ETF by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 10,690,700 shares of the company’s stock valued at $2,349,602,000 after buying an additional 130,639 shares during the period. Finally, Wealthfront Advisers LLC raised its stake in shares of Vanguard Dividend Appreciation ETF by 3.0% in the fourth quarter. Wealthfront Advisers LLC now owns 9,879,191 shares of the company’s stock valued at $2,171,249,000 after buying an additional 287,085 shares during the period.

Vanguard Dividend Appreciation ETF Price Performance

Shares of VIG opened at $234.61 on Thursday. The firm has a market cap of $108.27 billion, a PE ratio of 23.32 and a beta of 0.82. The stock’s fifty day moving average price is $229.69 and its two-hundred day moving average price is $224.88. Vanguard Dividend Appreciation ETF has a 1 year low of $198.37 and a 1 year high of $238.10.

Vanguard Dividend Appreciation ETF Company 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. The Vanguard Group, Inc, through its Quantitative Equity Group, serves as the investment advisor of the Fund.