Global Wealth Management LLC Has $10.62 Million Stake in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)

Global Wealth Management LLC grew its stake in shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 0.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 54,754 shares of the company’s stock after acquiring an additional 268 shares during the period. Vanguard Dividend Appreciation ETF accounts for about 6.1% of Global Wealth Management LLC’s investment portfolio, making the stock its 6th biggest holding. Global Wealth Management LLC’s holdings in Vanguard Dividend Appreciation ETF were worth $10,622,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Wealthfront Advisers LLC raised its stake in Vanguard Dividend Appreciation ETF by 284.3% in the fourth quarter. Wealthfront Advisers LLC now owns 26,221,100 shares of the company’s stock worth $5,134,878,000 after buying an additional 19,397,896 shares in the last quarter. Bank of America Corp DE raised its stake in Vanguard Dividend Appreciation ETF by 17.1% in the fourth quarter. Bank of America Corp DE now owns 24,743,391 shares of the company’s stock worth $4,845,498,000 after buying an additional 3,605,152 shares in the last quarter. Wells Fargo & Company MN raised its stake in Vanguard Dividend Appreciation ETF by 8.6% in the fourth quarter. Wells Fargo & Company MN now owns 10,520,396 shares of the company’s stock worth $2,060,209,000 after buying an additional 832,983 shares in the last quarter. Vanguard Group Inc. raised its stake in Vanguard Dividend Appreciation ETF by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 9,709,264 shares of the company’s stock worth $1,901,365,000 after buying an additional 301,772 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new position in Vanguard Dividend Appreciation ETF in the fourth quarter worth approximately $1,253,526,000.

Vanguard Dividend Appreciation ETF Trading Up 0.6%

NYSEARCA VIG opened at $200.45 on Friday. The firm’s fifty day simple moving average is $190.76 and its two-hundred day simple moving average is $196.41. Vanguard Dividend Appreciation ETF has a 12-month low of $169.32 and a 12-month high of $205.24. The firm has a market capitalization of $90.37 billion, a P/E ratio of 24.18 and a beta of 0.86.

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.