Osaic Holdings Inc. Enhances Stake in Vanguard Dividend Appreciation ETF

Osaic Holdings Inc. has markedly increased its investment in Vanguard Dividend Appreciation ETF (VIG), amplifying its share by 16.7% during the second quarter. Detailed in the latest Form 13F filing with the Securities and Exchange Commission (SEC), the move signifies a notable boost in confidence in the ETF's performance. Following the acquisition, Osaic Holdings now boasts ownership of 1,852,793 shares, reflecting a substantial addition of 265,222 shares within that period.

Investment Details

The augmented stake by Osaic Holdings in VIG has led to its ownership of approximately 0.43% of the ETF, which, as per the most recent SEC filing, has an estimated value of $257,902,000. This strategic increase aligns with similar adjustments by various hedge funds and institutional investors, who've been actively tweaking their portfolios with respect to VIG.

Other Institutions' Moves

Moneta Group Investment Advisors LLC made a dramatic surge in their holdings by 131,442.0% in the fourth quarter, while Vanguard Group Inc. enhanced its shares by 5.0% during the first quarter. UBS Group AG and Wealthfront Advisers LLC also escalated their positions in the ETF by 0.6% and 3.9%, respectively, in the first quarter. Moreover, during the second quarter, LPL Financial LLC augmented its holdings by 1.6%. This constellation of increased investments underscores the robust appeal of the Vanguard Dividend Appreciation ETF among institutional investors.

ETF Performance Insights

VIG shares recently saw an uptick in trading, with the ETF stock closing up by $0.22, ending at a price of $162.39. It maintained a healthy average trading volume and exhibited consistent price movements with a 50-day moving average of $157.06 and a 200-day average of $159.15. The ETF, known for its stability, boasts a market cap of $69.37 billion, aligns with a P/E ratio of 20.10, and records a modest beta of 0.85, suggesting lower volatility compared to the broader market.

About Vanguard Dividend Appreciation ETF

Vanguard Dividend Appreciation ETF aims to mirror the performance of the Dividend Achievers Select Index. It represents an exchange-traded class of the Vanguard Dividend Appreciation Index Fund, holding a proportional range of stocks mirroring the index's composition.

VIG, Osaic, Securities