Vanguard Dividend Appreciation ETF $VIG Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its stake in shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 11.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 791,019 shares of the company’s stock after selling 103,977 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Vanguard Dividend Appreciation ETF were worth $170,115,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VIG. Bank of America Corp DE increased its stake in shares of Vanguard Dividend Appreciation ETF by 16.2% in the 4th quarter. Bank of America Corp DE now owns 24,739,680 shares of the company’s stock worth $5,437,287,000 after acquiring an additional 3,448,292 shares during the last quarter. Morgan Stanley boosted its position in shares of Vanguard Dividend Appreciation ETF by 2.0% during the 4th quarter. Morgan Stanley now owns 12,774,029 shares of the company’s stock valued at $2,807,477,000 after acquiring an additional 247,444 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Vanguard Dividend Appreciation ETF by 2.2% during the 4th quarter. Wells Fargo & Company MN now owns 10,814,160 shares of the company’s stock valued at $2,376,736,000 after acquiring an additional 228,122 shares during the last quarter. Vanguard Group Inc. grew its holdings 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 purchasing an additional 130,639 shares during the period. Finally, Wealthfront Advisers LLC grew its holdings 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 purchasing an additional 287,085 shares during the period.

Vanguard Dividend Appreciation ETF Trading Up 0.8%

Vanguard Dividend Appreciation ETF stock opened at $241.74 on Wednesday. Vanguard Dividend Appreciation ETF has a 12-month low of $203.17 and a 12-month high of $242.58. The stock has a market cap of $112.50 billion, a P/E ratio of 23.32 and a beta of 0.82. The company has a 50-day moving average price of $235.93 and a 200 day moving average price of $228.11.

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.