Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) Hits New 1-Year High – Here’s Why

Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)’s share price reached a new 52-week high on Wednesday. The stock traded as high as $251.43 and last traded at $251.0830, with a volume of 122,731 shares changing hands. The stock had previously closed at $247.47.

Vanguard Dividend Appreciation ETF Trading Up 1.7%

The firm has a 50-day simple moving average of $240.42 and a two-hundred day simple moving average of $232.72. The stock has a market cap of $117.75 billion, a P/E ratio of 23.32 and a beta of 0.79.

Hedge Funds Weigh In On Vanguard Dividend Appreciation ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VIG. The Manufacturers Life Insurance Company boosted its stake in Vanguard Dividend Appreciation ETF by 90.4% in the second quarter. The Manufacturers Life Insurance Company now owns 1,506,493 shares of the company’s stock worth $356,466,000 after buying an additional 715,474 shares in the last quarter. Spirit of America Management Corp NY increased its position in shares of Vanguard Dividend Appreciation ETF by 18,919.1% in the second quarter. Spirit of America Management Corp NY now owns 378,100 shares of the company’s stock valued at $89,466,000 after acquiring an additional 376,112 shares during the period. Ascentis Wealth Management LLC raised its position in Vanguard Dividend Appreciation ETF by 27,930.0% during the 2nd quarter. Ascentis Wealth Management LLC now owns 332,716 shares of the company’s stock valued at $78,727,000 after purchasing an additional 331,529 shares during the last quarter. Cambridge Associates LLC MA ADV bought a new position in shares of Vanguard Dividend Appreciation ETF during the first quarter valued at approximately $44,798,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Vanguard Dividend Appreciation ETF by 17.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,346,092 shares of the company’s stock worth $319,864,000 after purchasing an additional 198,974 shares in 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.