Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) Reaches New 12-Month High – Here’s What Happened

Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $232.76 and last traded at $232.57, with a volume of 38856 shares trading hands. The stock had previously closed at $231.05.

Vanguard Dividend Appreciation ETF Stock Up 0.7%

The company has a market capitalization of $107.39 billion, a price-to-earnings ratio of 23.32 and a beta of 0.82. The company has a 50-day moving average price of $222.60 and a 200-day moving average price of $222.54.

Hedge Funds Weigh In On Vanguard Dividend Appreciation ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in Vanguard Dividend Appreciation ETF by 16.2% during 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 acquiring an additional 3,448,292 shares during the period. Morgan Stanley increased its stake in Vanguard Dividend Appreciation ETF by 2.0% during the fourth quarter. Morgan Stanley now owns 12,774,029 shares of the company’s stock valued at $2,807,477,000 after acquiring an additional 247,444 shares during the period. Wells Fargo & Company MN increased its stake in Vanguard Dividend Appreciation ETF by 2.2% during 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 acquiring an additional 228,122 shares during the period. Vanguard Group Inc. increased its stake in Vanguard Dividend Appreciation ETF by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 10,690,700 shares of the company’s stock valued at $2,349,602,000 after acquiring an additional 130,639 shares during the period. Finally, Wealthfront Advisers LLC increased its stake in Vanguard Dividend Appreciation ETF by 3.0% during the fourth quarter. Wealthfront Advisers LLC now owns 9,879,191 shares of the company’s stock valued at $2,171,249,000 after acquiring an additional 287,085 shares during the period.

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.