Power Wealth Management LLC Makes New $3.79 Million Investment in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)

Power Wealth Management LLC bought a new stake in shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 22,213 shares of the company’s stock, valued at approximately $3,785,000. Vanguard Dividend Appreciation ETF accounts for about 2.6% of Power Wealth Management LLC’s investment portfolio, making the stock its 11th largest position.

Other large investors have also modified their holdings of the company. Morgan Stanley lifted its stake in shares of Vanguard Dividend Appreciation ETF by 1.7% during the 3rd quarter. Morgan Stanley now owns 11,325,386 shares of the company’s stock worth $1,759,739,000 after purchasing an additional 190,258 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Vanguard Dividend Appreciation ETF by 2.2% during the third quarter. Vanguard Group Inc. now owns 7,866,159 shares of the company’s stock valued at $1,222,244,000 after buying an additional 171,161 shares during the last quarter. LPL Financial LLC boosted 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 buying an additional 134,815 shares in the last quarter. HB Wealth Management LLC grew its position 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 worth $655,534,000 after buying an additional 254,175 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of Vanguard Dividend Appreciation ETF by 3.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,741,969 shares of the company’s stock worth $467,232,000 after acquiring an additional 87,225 shares in the last quarter.

Vanguard Dividend Appreciation ETF Stock Performance

NYSEARCA:VIG traded up $1.72 during midday trading on Friday, reaching $176.94. 675,025 shares of the stock traded hands, compared to its average volume of 995,284. The stock has a market capitalization of $76.49 billion, a PE ratio of 24.54 and a beta of 0.78. Vanguard Dividend Appreciation ETF has a 12-month low of $149.67 and a 12-month high of $183.52. The business has a 50-day moving average of $178.40 and a two-hundred day moving average of $170.80.

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.