Claro Advisors LLC Reduces Stake in Vanguard Dividend Appreciation ETF

Claro Advisors LLC has reduced its holdings in the Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 50.2% during the fourth quarter, according to reports from Holdings Channel. Following this sale, the institutional investor holds 1,959 shares of the ETF after selling off 1,978 shares in that period. The total value of Claro Advisors LLC's remaining stake in Vanguard Dividend Appreciation ETF amounted to approximately $384,000 at the conclusion of the most recent quarter.

Additionally, several other hedge funds have also adjusted their positions in the Vanguard Dividend Appreciation ETF. Sanctuary Advisors LLC, for instance, secured a new position during the second quarter with a valuation close to $73,967,000. Meanwhile, LPL Financial LLC increased its stake by 5.7% in the third quarter, bringing its total ownership to 5,808,810 shares valued at $1,150,493,000, after acquiring an additional 314,952 shares.

Wealth Enhancement Advisory Services LLC also expanded its stake in the ETF during the fourth quarter by 28.3%, resulting in ownership of 1,199,854 shares worth $237,643,000 after an increase of 264,483 shares. In a similar fashion, Mesirow Financial Investment Management Inc. raised its stake by 108.2% in the third quarter, now holding 345,254 shares valued at about $68,381,000. Lastly, Raymond James & Associates increased its holdings by 5.1%, now owning 3,698,942 shares with a valuation of $732,612,000 after acquiring 178,450 additional shares during the quarter.

Performance of Vanguard Dividend Appreciation ETF

On Wednesday, shares of Vanguard Dividend Appreciation ETF opened at $195.18. The 50-day moving average price sits at $199.72, while the 200-day moving average price is at $195.06. Over the past year, the ETF has experienced a low of $168.65 and a high of $205.20. The market capitalization stands at $84.38 billion, with a price-to-earnings ratio of 24.54 and a beta of 0.78.

About Vanguard Dividend Appreciation ETF

The Vanguard Dividend Appreciation ETF aims to track the investment performance of the Dividend Achievers Select Index. This ETF is a type of exchange-traded fund that closely mirrors the stocks within this index, holding them in nearly identical proportions as their respective weightings in the index.

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Looking to explore other hedge fund positions in VIG? Visit HoldingsChannel.com for the latest 13F filings and information.

Vanguard, ETF, Investment