MAI Capital Management Grows Position in Vanguard Dividend Appreciation ETF $VIG

MAI Capital Management grew its stake in shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 6.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,008,528 shares of the company’s stock after acquiring an additional 65,154 shares during the period. Vanguard Dividend Appreciation ETF makes up approximately 1.4% of MAI Capital Management’s portfolio, making the stock its 11th largest position. MAI Capital Management’s holdings in Vanguard Dividend Appreciation ETF were worth $217,630,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in VIG. Clear Investment Research LLC acquired a new stake in shares of Vanguard Dividend Appreciation ETF in the third quarter valued at about $38,000. Washington Trust Advisors Inc. grew its position in 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 during the period. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in Vanguard Dividend Appreciation ETF in the third quarter valued at about $45,000. Delta Asset Management LLC TN acquired a new stake in shares of Vanguard Dividend Appreciation ETF during the 3rd quarter valued at approximately $48,000. Finally, Solstein Capital LLC acquired a new stake in shares of Vanguard Dividend Appreciation ETF during the 2nd quarter valued at approximately $50,000.

Vanguard Dividend Appreciation ETF Price Performance

VIG opened at $226.77 on Wednesday. The stock’s 50 day simple moving average is $224.36 and its 200 day simple moving average is $218.85. The stock has a market cap of $105.22 billion, a P/E ratio of 23.32 and a beta of 0.85. Vanguard Dividend Appreciation ETF has a 1-year low of $169.32 and a 1-year high of $230.53.

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. The Vanguard Group, Inc, through its Quantitative Equity Group, serves as the investment advisor of the Fund.