Claro Advisors LLC Reduces Stake in Vanguard Dividend Appreciation ETF

Claro Advisors LLC has significantly reduced its investment in the Vanguard Dividend Appreciation ETF (NYSEARCA:VIG – Free Report) by 50.2% during the fourth quarter, as reported by Holdings Channel. Following the sale of 1,978 shares, Claro Advisors LLC now holds 1,959 shares of the ETF. The value of these holdings at the end of the last quarter was approximately $384,000.

Other institutional investors have also adjusted their positions in the Vanguard Dividend Appreciation ETF. Sanctuary Advisors LLC entered a new investment during the second quarter, valued at about $73.97 million. Meanwhile, LPL Financial LLC increased its stake by 5.7% in the third quarter, enhancing its holdings to 5,808,810 shares, valued at roughly $1.15 billion after adding 314,952 shares in the previous quarter. Wealth Enhancement Advisory Services LLC also grew its stake by 28.3% in the fourth quarter, acquiring an additional 264,483 shares, bringing its total to 1,199,854 shares worth around $237.64 million.

Mesirow Financial Investment Management Inc. upped its investment in the ETF by 108.2% during the third quarter, now owning 345,254 shares valued at $68.38 million after buying 179,441 additional shares. Additionally, Raymond James & Associates increased its stake by 5.1% during the third quarter, with a total of 3,698,942 shares valued at approximately $732.61 million following a purchase of 178,450 shares.

Current Performance of Vanguard Dividend Appreciation ETF

On the trading day following the report, shares of VIG opened at $195.18. The ETF has a 50-day moving average price of $199.72 and a 200-day moving average price of $195.06. Its share price has seen a range, with a twelve-month low of $168.65 and a twelve-month high of $205.20. The market capitalization of the ETF stands at $84.38 billion, with a price-to-earnings (PE) ratio of 24.54 and a beta value of 0.78, indicating lower volatility compared to the broader market.

About Vanguard Dividend Appreciation ETF

The Vanguard Dividend Appreciation ETF aims to replicate the investment performance of the Dividend Achievers Select Index. This ETF is an exchange-traded fund associated with the Vanguard Dividend Appreciation Index Fund. It holds stocks in proportions that correspond closely with their weightings in the underlying index.

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investment, ETF, Vanguard