Sherman Wealth Management LLC Takes $11.35 Million Position in Vanguard Dividend Appreciation ETF $VIG

Sherman Wealth Management LLC bought a new stake in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 51,649 shares of the company’s stock, valued at approximately $11,351,000. Vanguard Dividend Appreciation ETF accounts for 9.8% of Sherman Wealth Management LLC’s investment portfolio, making the stock its 2nd largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clear Investment Research LLC acquired a new stake in Vanguard Dividend Appreciation ETF in the 3rd quarter valued at about $38,000. Washington Trust Advisors Inc. grew its position in shares of Vanguard Dividend Appreciation ETF by 46.9% during the third quarter. Washington Trust Advisors Inc. now owns 188 shares of the company’s stock worth $40,000 after buying an additional 60 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Vanguard Dividend Appreciation ETF during the third quarter worth approximately $45,000. Delta Asset Management LLC TN purchased a new stake in shares of Vanguard Dividend Appreciation ETF during the third quarter worth approximately $48,000. Finally, Ulland Investment Advisors LLC acquired a new stake in Vanguard Dividend Appreciation ETF in the third quarter valued at approximately $52,000.

Vanguard Dividend Appreciation ETF Price Performance

Shares of Vanguard Dividend Appreciation ETF stock opened at $210.73 on Monday. Vanguard Dividend Appreciation ETF has a 52-week low of $169.32 and a 52-week high of $230.53. The company has a market capitalization of $97.77 billion, a P/E ratio of 23.32 and a beta of 0.85. The company has a 50 day moving average of $223.26 and a 200 day moving average of $220.37.

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.