LVW Advisors LLC Acquires New Stake in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)

During the third quarter of 2024, LVW Advisors LLC purchased a new stake in the Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) according to their latest Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,061 shares of VIG, which are valued at approximately $210,000.

In addition to LVW Advisors LLC, several other institutional investors have recently adjusted their positions in VIG. Ascent Group LLC raised its ownership of the Vanguard Dividend Appreciation ETF by 1.7% during the second quarter, bringing their total to 3,154 shares valued at around $576,000, following the purchase of an additional 53 shares in the last quarter. Similarly, Bridge Creek Capital Management LLC also increased its holdings in the ETF by 1.7% during the third quarter, and now owns 3,248 shares worth approximately $643,000 after purchasing 55 additional shares.

Moreover, C2P Capital Advisory Group LLC, doing business as Prosperity Capital Advisors, lifted its stake in Vanguard Dividend Appreciation ETF by 2.2% in the third quarter. They now hold 2,605 shares valued at about $516,000 after acquiring an extra 55 shares. Other firms like Smithfield Trust Co and Keeley Teton Advisors LLC have also made incremental increases to their respective holdings, reflecting a trend among investors to allocate more resources toward this ETF.

Performance of Vanguard Dividend Appreciation ETF

As of Friday, shares of NYSEARCA:VIG opened at $199.75. The ETF has a market capitalization of $86.36 billion and a price-to-earnings ratio of 24.54, with a beta of 0.78. The stock is performing well, boasting a 50-day simple moving average of $193.54 and a two-hundred-day simple moving average of $185.98. Over the past year, Vanguard Dividend Appreciation ETF recorded a 52-week low of $149.67 and a high of $199.87, showcasing its potential for growth.

About Vanguard Dividend Appreciation ETF

The Vanguard Dividend Appreciation ETF aims to follow the investment performance of the Dividend Achievers Select Index. This ETF represents an exchange-traded share class of the Vanguard Dividend Appreciation Index Fund and holds all the stocks in the index in proportions that mirror their weightings within the index.

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Investment, ETF, Acquisition