Franklin Resources Inc. Sells 6,206 Shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)

Franklin Resources Inc. trimmed its position in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 1.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 446,703 shares of the company’s stock after selling 6,206 shares during the quarter. Franklin Resources Inc.’s holdings in Vanguard Dividend Appreciation ETF were worth $87,478,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Riggs Capital Management LLC purchased a new stake in shares of Vanguard Dividend Appreciation ETF during the 4th quarter valued at $205,000. Rodgers Brothers Inc. purchased a new stake in Vanguard Dividend Appreciation ETF in the fourth quarter valued at about $233,000. Hazlett Burt & Watson Inc. boosted its holdings in Vanguard Dividend Appreciation ETF by 1.8% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 12,414 shares of the company’s stock worth $2,431,000 after acquiring an additional 224 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Vanguard Dividend Appreciation ETF by 16.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 27,686 shares of the company’s stock worth $5,422,000 after acquiring an additional 3,829 shares during the last quarter. Finally, Joseph Group Capital Management increased its holdings in shares of Vanguard Dividend Appreciation ETF by 1.7% during the fourth quarter. Joseph Group Capital Management now owns 10,681 shares of the company’s stock valued at $2,092,000 after acquiring an additional 175 shares in the last quarter.

Vanguard Dividend Appreciation ETF Stock Up 0.6 %

VIG stock opened at $194.80 on Thursday. The stock has a market capitalization of $86.84 billion, a PE ratio of 23.79 and a beta of 0.86. Vanguard Dividend Appreciation ETF has a 52 week low of $173.17 and a 52 week high of $205.24. The firm has a 50 day moving average of $199.33 and a 200 day moving average of $199.07.

Vanguard Dividend Appreciation ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a dividend of $0.9377 per share. This is an increase from Vanguard Dividend Appreciation ETF’s previous dividend of $0.90. The ex-dividend date was 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.