Arbor Wealth Advisors LLC Makes New Investment in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)

Arbor Wealth Advisors LLC purchased a new position in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,231 shares of the company’s stock, valued at approximately $1,232,000. Vanguard Dividend Appreciation ETF comprises about 1.3% of Arbor Wealth Advisors LLC’s portfolio, making the stock its 17th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Morgan Stanley lifted its holdings in Vanguard Dividend Appreciation ETF by 1.7% in the 3rd quarter. Morgan Stanley now owns 11,325,386 shares of the company’s stock valued at $1,759,739,000 after purchasing an additional 190,258 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Vanguard Dividend Appreciation ETF by 2.2% during the third quarter. Vanguard Group Inc. now owns 7,866,159 shares of the company’s stock valued at $1,222,244,000 after buying an additional 171,161 shares during the period. LPL Financial LLC boosted its position in Vanguard Dividend Appreciation ETF by 2.7% during the third quarter. LPL Financial LLC now owns 5,199,393 shares of the company’s stock worth $807,882,000 after acquiring an additional 134,815 shares during the last quarter. HB Wealth Management LLC grew its stake in Vanguard Dividend Appreciation ETF by 7.1% in the 4th quarter. HB Wealth Management LLC now owns 3,847,028 shares of the company’s stock worth $655,534,000 after acquiring an additional 254,175 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in Vanguard Dividend Appreciation ETF by 2.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,654,744 shares of the company’s stock valued at $412,494,000 after acquiring an additional 62,212 shares during the last quarter.

Vanguard Dividend Appreciation ETF Stock Up 0.6 %

Shares of VIG stock traded up $1.09 during mid-day trading on Tuesday, hitting $176.59. 495,141 shares of the company’s stock were exchanged, compared to its average volume of 1,030,255. The stock has a market cap of $76.34 billion, a price-to-earnings ratio of 24.56 and a beta of 0.80. The stock has a 50-day simple moving average of $178.42 and a two-hundred day simple moving average of $169.89. Vanguard Dividend Appreciation ETF has a fifty-two week low of $149.67 and a fifty-two week high of $183.52.

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.