Merit Financial Group LLC Has $2.15 Million Holdings in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)

Merit Financial Group LLC boosted its stake in shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 21.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,640 shares of the company’s stock after buying an additional 2,219 shares during the period. Merit Financial Group LLC’s holdings in Vanguard Dividend Appreciation ETF were worth $2,154,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Morgan Stanley increased its holdings in shares of Vanguard Dividend Appreciation ETF by 1.7% in the 3rd quarter. Morgan Stanley now owns 11,325,386 shares of the company’s stock valued at $1,759,739,000 after purchasing an additional 190,258 shares during the period. Vanguard Group Inc. increased its holdings in shares of Vanguard Dividend Appreciation ETF by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 7,866,159 shares of the company’s stock valued at $1,222,244,000 after purchasing an additional 171,161 shares during the period. LPL Financial LLC increased its holdings in shares of Vanguard Dividend Appreciation ETF by 2.7% in the 3rd quarter. LPL Financial LLC now owns 5,199,393 shares of the company’s stock valued at $807,882,000 after purchasing an additional 134,815 shares during the period. HB Wealth Management LLC increased its holdings in shares of Vanguard Dividend Appreciation ETF by 7.1% in the 4th quarter. HB Wealth Management LLC now owns 3,847,028 shares of the company’s stock valued at $655,534,000 after purchasing an additional 254,175 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Vanguard Dividend Appreciation ETF by 3.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,741,969 shares of the company’s stock valued at $467,232,000 after purchasing an additional 87,225 shares during the period.

Vanguard Dividend Appreciation ETF Price Performance

Shares of VIG opened at $176.94 on Friday. The company has a market capitalization of $76.49 billion, a price-to-earnings ratio of 24.54 and a beta of 0.78. Vanguard Dividend Appreciation ETF has a fifty-two week low of $149.67 and a fifty-two week high of $183.52. The business’s 50-day moving average is $178.40 and its 200-day moving average is $170.80.

Vanguard Dividend Appreciation ETF Company 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.