Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) Reaches New 1-Year High – Here’s Why

Shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $237.47 and last traded at $237.03, with a volume of 92882 shares changing hands. The stock had previously closed at $235.73.

Vanguard Dividend Appreciation ETF Stock Performance

The stock’s 50-day moving average price is $228.50 and its 200-day moving average price is $224.56. The company has a market capitalization of $109.50 billion, a price-to-earnings ratio of 23.32 and a beta of 0.82.

Institutional Investors Weigh In On Vanguard Dividend Appreciation ETF

A number of hedge funds and other institutional investors have recently modified their holdings of VIG. Bank of America Corp DE increased its position in shares of Vanguard Dividend Appreciation ETF by 16.2% in the fourth quarter. Bank of America Corp DE now owns 24,739,680 shares of the company’s stock valued at $5,437,287,000 after buying an additional 3,448,292 shares in the last quarter. Morgan Stanley increased its position in shares of Vanguard Dividend Appreciation ETF by 2.0% in the fourth quarter. Morgan Stanley now owns 12,774,029 shares of the company’s stock valued at $2,807,477,000 after buying an additional 247,444 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Vanguard Dividend Appreciation ETF by 2.2% in the fourth quarter. Wells Fargo & Company MN now owns 10,814,160 shares of the company’s stock valued at $2,376,736,000 after buying an additional 228,122 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Vanguard Dividend Appreciation ETF by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 10,690,700 shares of the company’s stock valued at $2,349,602,000 after buying an additional 130,639 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its position in shares of Vanguard Dividend Appreciation ETF by 3.0% in the fourth quarter. Wealthfront Advisers LLC now owns 9,879,191 shares of the company’s stock valued at $2,171,249,000 after buying an additional 287,085 shares in the last quarter.

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