Meritage Portfolio Management Acquires New Position in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)

Meritage Portfolio Management bought a new position in shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) during the 4th quarter, HoldingsChannel.com reports. The fund bought 1,357 shares of the company’s stock, valued at approximately $231,000.

A number of other hedge funds also recently added to or reduced their stakes in VIG. Provence Wealth Management Group purchased a new stake in shares of Vanguard Dividend Appreciation ETF during the third quarter worth about $29,000. Sawyer & Company Inc acquired a new position in shares of Vanguard Dividend Appreciation ETF in the 3rd quarter valued at approximately $31,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Vanguard Dividend Appreciation ETF during the fourth quarter worth approximately $31,000. Sittner & Nelson LLC increased its stake in shares of Vanguard Dividend Appreciation ETF by 368.0% in the third quarter. Sittner & Nelson LLC now owns 234 shares of the company’s stock worth $36,000 after buying an additional 184 shares during the last quarter. Finally, Providence Capital Advisors LLC bought a new position in Vanguard Dividend Appreciation ETF during the 3rd quarter valued at $38,000.

Vanguard Dividend Appreciation ETF Price Performance

Shares of VIG stock opened at $176.73 on Friday. The firm has a fifty day moving average of $178.50 and a two-hundred day moving average of $170.13. The firm has a market cap of $76.40 billion, a P/E ratio of 24.56 and a beta of 0.80. Vanguard Dividend Appreciation ETF has a 1-year low of $149.67 and a 1-year high of $183.52.

Vanguard Dividend Appreciation ETF Profile

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.