Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) Hits New 1-Year High – What’s Next?

Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $225.88 and last traded at $225.72, with a volume of 422045 shares changing hands. The stock had previously closed at $224.68.

Vanguard Dividend Appreciation ETF Trading Up 0.4%

The company’s 50 day simple moving average is $220.39 and its 200-day simple moving average is $214.84. The firm has a market cap of $104.68 billion, a P/E ratio of 23.32 and a beta of 0.85.

Institutional Investors Weigh In On Vanguard Dividend Appreciation ETF

A number of large investors have recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC boosted its stake in shares of Vanguard Dividend Appreciation ETF by 20,718.4% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 35,551,585 shares of the company’s stock worth $7,276,343,000 after buying an additional 35,380,815 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings in Vanguard Dividend Appreciation ETF by 19.5% in the second quarter. Wealthfront Advisers LLC now owns 9,089,642 shares of the company’s stock valued at $1,860,377,000 after acquiring an additional 1,486,369 shares during the period. Corient Private Wealth LLC boosted its position in Vanguard Dividend Appreciation ETF by 102.8% in the second quarter. Corient Private Wealth LLC now owns 1,750,677 shares of the company’s stock worth $358,334,000 after purchasing an additional 887,305 shares during the last quarter. Financial Gravity Companies Inc. bought a new stake in shares of Vanguard Dividend Appreciation ETF during the 2nd quarter valued at about $131,375,000. Finally, Diversified Enterprises LLC increased its position in shares of Vanguard Dividend Appreciation ETF by 35,003.7% during the 3rd quarter. Diversified Enterprises LLC now owns 640,291 shares of the company’s stock valued at $138,168,000 after purchasing an additional 638,467 shares during 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.