Envestnet Portfolio Solutions Inc. Cuts Stock Position in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)

Envestnet Portfolio Solutions Inc. cut its holdings in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 1.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 41,612 shares of the company’s stock after selling 402 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Vanguard Dividend Appreciation ETF were worth $8,149,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wealthfront Advisers LLC increased its position in shares of Vanguard Dividend Appreciation ETF by 284.3% in the fourth quarter. Wealthfront Advisers LLC now owns 26,221,100 shares of the company’s stock valued at $5,134,878,000 after buying an additional 19,397,896 shares in the last quarter. Strategic Financial Concepts LLC boosted its stake in shares of Vanguard Dividend Appreciation ETF by 21,353.5% in the fourth quarter. Strategic Financial Concepts LLC now owns 11,365,874 shares of the company’s stock worth $2,225,779,000 after acquiring an additional 11,312,895 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Vanguard Dividend Appreciation ETF by 5.7% in the third quarter. LPL Financial LLC now owns 5,808,810 shares of the company’s stock worth $1,150,493,000 after acquiring an additional 314,952 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Vanguard Dividend Appreciation ETF in the fourth quarter worth approximately $1,024,119,000. Finally, HB Wealth Management LLC boosted its stake in Vanguard Dividend Appreciation ETF by 1.7% during the fourth quarter. HB Wealth Management LLC now owns 4,868,929 shares of the company’s stock worth $942,870,000 after buying an additional 82,030 shares during the last quarter.

Vanguard Dividend Appreciation ETF Stock Performance

NYSEARCA VIG opened at $195.09 on Tuesday. The stock’s fifty day moving average is $199.93 and its two-hundred day moving average is $199.04. The firm has a market capitalization of $86.42 billion, a P/E ratio of 24.18 and a beta of 0.85. Vanguard Dividend Appreciation ETF has a fifty-two week low of $173.17 and a fifty-two week high of $205.24.

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.