Royal Fund Management LLC Lowers Holdings in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)

Royal Fund Management LLC lowered its position in shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,171 shares of the company’s stock after selling 952 shares during the quarter. Vanguard Dividend Appreciation ETF makes up approximately 1.6% of Royal Fund Management LLC’s holdings, making the stock its 7th biggest holding. Royal Fund Management LLC’s holdings in Vanguard Dividend Appreciation ETF were worth $14,515,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Legacy Financial Group LLC bought a new position in Vanguard Dividend Appreciation ETF in the 3rd quarter valued at $132,000. Bank of New York Mellon Corp lifted its position in Vanguard Dividend Appreciation ETF by 7.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,138,614 shares of the company’s stock worth $332,298,000 after buying an additional 141,426 shares in the last quarter. Bouchey Financial Group Ltd bought a new stake in Vanguard Dividend Appreciation ETF during the 3rd quarter worth about $244,000. Advisor Resource Council increased its position in Vanguard Dividend Appreciation ETF by 0.9% in the 3rd quarter. Advisor Resource Council now owns 8,503 shares of the company’s stock valued at $1,321,000 after acquiring an additional 74 shares in the last quarter. Finally, Retirement Planning Group LLC raised its stake in shares of Vanguard Dividend Appreciation ETF by 0.4% in the third quarter. Retirement Planning Group LLC now owns 665,777 shares of the company’s stock worth $103,448,000 after acquiring an additional 2,663 shares during the last quarter.

Vanguard Dividend Appreciation ETF Price Performance

Shares of VIG stock traded up $1.72 during trading hours on Friday, reaching $176.94. 675,025 shares of the company were exchanged, compared to its average volume of 995,284. Vanguard Dividend Appreciation ETF has a fifty-two week low of $149.67 and a fifty-two week high of $183.52. The stock’s fifty day moving average is $178.40 and its two-hundred day moving average is $170.80. The company has a market cap of $76.49 billion, a price-to-earnings ratio of 24.54 and a beta of 0.78.

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.