Cornerstone Financial Management LLC Invests $3.75 Million in Vanguard Dividend Appreciation ETF $VIG

Cornerstone Financial Management LLC bought a new position in shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) during the fourth quarter, Holdings Channel.com reports. The fund bought 17,080 shares of the company’s stock, valued at approximately $3,754,000. Vanguard Dividend Appreciation ETF accounts for approximately 3.5% of Cornerstone Financial Management LLC’s portfolio, making the stock its 9th biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Salomon & Ludwin LLC increased its position in shares of Vanguard Dividend Appreciation ETF by 4.3% during the fourth quarter. Salomon & Ludwin LLC now owns 1,084 shares of the company’s stock worth $241,000 after purchasing an additional 45 shares in the last quarter. Rather & Kittrell Inc. increased its position in shares of Vanguard Dividend Appreciation ETF by 3.9% during the fourth quarter. Rather & Kittrell Inc. now owns 1,206 shares of the company’s stock worth $265,000 after purchasing an additional 45 shares in the last quarter. OMNI 360 Wealth Inc. increased its position in shares of Vanguard Dividend Appreciation ETF by 1.2% during the fourth quarter. OMNI 360 Wealth Inc. now owns 3,762 shares of the company’s stock worth $845,000 after purchasing an additional 45 shares in the last quarter. Essex LLC increased its position in shares of Vanguard Dividend Appreciation ETF by 0.8% during the fourth quarter. Essex LLC now owns 5,915 shares of the company’s stock worth $1,300,000 after purchasing an additional 46 shares in the last quarter. Finally, Keeler & Nadler Financial Planning & Wealth Management increased its position in shares of Vanguard Dividend Appreciation ETF by 0.7% during the fourth quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 6,451 shares of the company’s stock worth $1,418,000 after purchasing an additional 46 shares in the last quarter.

Vanguard Dividend Appreciation ETF Stock Performance

VIG opened at $235.73 on Friday. The business’s 50-day simple moving average is $228.50 and its 200-day simple moving average is $224.51. Vanguard Dividend Appreciation ETF has a one year low of $198.37 and a one year high of $236.71. The stock has a market capitalization of $108.79 billion, a P/E ratio of 23.32 and a beta of 0.82.

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