Family Investment Center Inc. has reduced its stake in the Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 3.4% during the second quarter of 2023, as detailed in its recent 13F filing with the Securities and Exchange Commission (SEC). Following the sale of 2,637 shares, the firm now holds 74,135 shares of the fund, which represents approximately 3.4% of its total investment portfolio, making it the company’s ninth largest holding.
As of the latest filing, Family Investment Center’s investments in Vanguard Dividend Appreciation ETF are valued at approximately $15,177,000. The ETF aims to track the performance of the Dividend Achievers Select Index and holds a diverse array of stocks in line with their index weightings.
Several other institutional investors have also adjusted their positions in the Vanguard Dividend Appreciation ETF recently. Notably, Brighton Jones LLC significantly increased its stake by 92.5% in the fourth quarter, now owning 34,563 shares valued at around $6,768,000 after acquiring an additional 16,606 shares.
Revolve Wealth Partners LLC raised its holdings by 12.9% during the same period, bringing its total to 5,066 shares worth about $992,000. Furthermore, American Trust, Ameriflex Group Inc., and Leigh Baldwin & CO. LLC made new investments in the ETF, contributing approximately $420,000, $405,000, and $306,000 respectively.
On Tuesday, shares of Vanguard Dividend Appreciation ETF opened at $216.58. The ETF has recorded a 50-day moving average price of $209.99 and a 200-day moving average of $200.19. Over the last twelve months, the stock reached a low of $169.32 and a high of $216.87. The fund currently has a market capitalization of $97.63 billion, a price-to-earnings ratio of 23.32, and a beta of 0.85.
Investors interested in the Vanguard Dividend Appreciation ETF and its recent performance can find more information through reputable financial platforms and market analysis websites.
