Riggs Capital Management LLC Makes New Investment in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)

Riggs Capital Management LLC purchased a new stake in shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 1,046 shares of the company’s stock, valued at approximately $205,000.

Other hedge funds also recently made changes to their positions in the company. Wealthfront Advisers LLC raised its stake in Vanguard Dividend Appreciation ETF by 284.3% during the 4th quarter. Wealthfront Advisers LLC now owns 26,221,100 shares of the company’s stock valued at $5,134,878,000 after acquiring an additional 19,397,896 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of Vanguard Dividend Appreciation ETF by 21,353.5% during the fourth quarter. Strategic Financial Concepts LLC now owns 11,365,874 shares of the company’s stock valued at $2,225,779,000 after purchasing an additional 11,312,895 shares during the period. Vanguard Group Inc. raised its stake in shares of Vanguard Dividend Appreciation ETF by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 9,709,264 shares of the company’s stock valued at $1,901,365,000 after purchasing an additional 301,772 shares in the last quarter. LPL Financial LLC lifted its holdings in Vanguard Dividend Appreciation ETF by 3.6% in the fourth quarter. LPL Financial LLC now owns 6,016,294 shares of the company’s stock worth $1,178,171,000 after purchasing an additional 207,484 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Vanguard Dividend Appreciation ETF in the 4th quarter valued at about $1,024,119,000.

Vanguard Dividend Appreciation ETF Trading Down 1.4 %

VIG stock opened at $191.94 on Monday. The firm’s 50-day moving average is $199.71 and its two-hundred day moving average is $199.11. The company has a market capitalization of $85.02 billion, a price-to-earnings ratio of 24.18 and a beta of 0.85. Vanguard Dividend Appreciation ETF has a 52 week low of $173.17 and a 52 week high of $205.24.

Vanguard Dividend Appreciation ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be issued a dividend of $0.9377 per share. This is a boost from Vanguard Dividend Appreciation ETF’s previous dividend of $0.90. The ex-dividend date is Thursday, March 27th.

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.