Cannon Financial Strategists Inc. Takes Position in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)

Cannon Financial Strategists Inc. acquired a new stake in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,251 shares of the company’s stock, valued at approximately $594,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Strategic Financial Concepts LLC boosted its stake in shares of Vanguard Dividend Appreciation ETF by 33,295.6% in the 2nd quarter. Strategic Financial Concepts LLC now owns 8,775,034 shares of the company’s stock valued at $1,601,882,000 after buying an additional 8,748,758 shares during the period. Vanguard Group Inc. boosted its stake in shares of Vanguard Dividend Appreciation ETF by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 8,635,317 shares of the company’s stock valued at $1,576,895,000 after buying an additional 466,457 shares during the period. LPL Financial LLC boosted its stake in shares of Vanguard Dividend Appreciation ETF by 3.4% in the 2nd quarter. LPL Financial LLC now owns 5,493,858 shares of the company’s stock valued at $1,002,904,000 after buying an additional 178,692 shares during the period. HB Wealth Management LLC raised its position in shares of Vanguard Dividend Appreciation ETF by 4.5% during the 2nd quarter. HB Wealth Management LLC now owns 4,658,585 shares of the company’s stock worth $850,425,000 after acquiring an additional 199,355 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of Vanguard Dividend Appreciation ETF by 2.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,865,298 shares of the company’s stock worth $523,060,000 after acquiring an additional 57,948 shares in the last quarter.

Vanguard Dividend Appreciation ETF Stock Performance

Shares of NYSEARCA VIG opened at $196.96 on Wednesday. The firm has a market capitalization of $85.15 billion, a PE ratio of 24.54 and a beta of 0.78. Vanguard Dividend Appreciation ETF has a fifty-two week low of $149.67 and a fifty-two week high of $198.44. The stock’s 50-day simple moving average is $191.98 and its 200-day simple moving average is $185.09.

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.