Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) Hits New 12-Month High – Time to Buy?

Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) reached a new 52-week high on Thursday . The stock traded as high as $230.63 and last traded at $230.57, with a volume of 323778 shares changing hands. The stock had previously closed at $228.68.

Vanguard Dividend Appreciation ETF Stock Performance

The company has a market capitalization of $106.50 billion, a price-to-earnings ratio of 23.32 and a beta of 0.82. The firm has a 50-day simple moving average of $221.76 and a two-hundred day simple moving average of $222.04.

Hedge Funds Weigh In On Vanguard Dividend Appreciation ETF

A number of institutional investors and hedge funds have recently made changes to their positions in VIG. Bank of America Corp DE grew its position in shares of Vanguard Dividend Appreciation ETF by 16.2% during 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 buying an additional 3,448,292 shares in the last quarter. M&T Bank Corp grew its position in shares of Vanguard Dividend Appreciation ETF by 659.0% during the fourth quarter. M&T Bank Corp now owns 1,212,203 shares of the company’s stock worth $266,418,000 after buying an additional 1,052,498 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of Vanguard Dividend Appreciation ETF by 102.8% during the second quarter. Corient Private Wealth LLC now owns 1,750,677 shares of the company’s stock worth $358,334,000 after buying an additional 887,305 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Vanguard Dividend Appreciation ETF during the third quarter worth about $134,718,000. Finally, Wealthfront Advisers LLC grew its position in shares of Vanguard Dividend Appreciation ETF by 5.5% during the third quarter. Wealthfront Advisers LLC now owns 9,592,106 shares of the company’s stock worth $2,069,881,000 after buying an additional 502,464 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.