Capital Advisors Wealth Management LLC has increased its stake in the Vanguard Dividend Appreciation ETF (NYSEARCA: VIG) by 1.7% during the third quarter of 2023. According to the firm’s recent 13F filing with the Securities and Exchange Commission, the company now holds 199,485 shares after acquiring an additional 3,316 shares in the period. This investment represents approximately 6.1% of Capital Advisors’ total portfolio, making it the firm’s second-largest holding valued at $43,047,000.
Several other large investors have also adjusted their positions in the Vanguard Dividend Appreciation ETF. For instance, Laurel Wealth Advisors LLC dramatically raised its stake by an astonishing 20,718.4% in the second quarter. Following this increase, Laurel now owns 35,551,585 shares valued at around $7.28 billion, having purchased an additional 35,380,815 shares during the last quarter.
Wealthfront Advisers LLC also expanded its position by 19.5%, bringing its total to 9,089,642 shares, worth approximately $1.86 billion after acquiring an additional 1,486,369 shares. Meanwhile, Corient Private Wealth LLC increased its holdings by 102.8%, now holding 1,750,677 shares valued at around $358.33 million after acquiring an additional 887,305 shares.
In addition, UBS Asset Management Americas LLC entered a new position in the ETF during the first quarter, investing approximately $134.78 million. Similarly, Financial Gravity Companies Inc. acquired a new stake worth around $131.38 million in the second quarter.
The Vanguard Dividend Appreciation ETF opened at $222.39 on Friday, reflecting a 0.5% increase. Over the past year, the ETF has fluctuated between a 52-week low of $169.32 and a 52-week high of $224.59. The ETF has a market capitalization of $100.82 billion, a price-to-earnings ratio of 23.32, and a beta of 0.85. Its 50-day moving average stands at $218.88, while the 200-day moving average is at $212.66.
The Vanguard Dividend Appreciation ETF aims to track the investment performance of the Dividend Achievers Select Index. It is an exchange-traded fund that includes all stocks in the index, maintaining approximate weightings as reflected in the index. The investment advisor for the fund is The Vanguard Group, Inc., specifically through its Quantitative Equity Group.
For those interested in tracking further developments, detailed information on hedge fund holdings and updates can be found at HoldingsChannel.com. Subscribers can also receive daily summaries of the latest news and analyst ratings related to the Vanguard Dividend Appreciation ETF and similar investments through MarketBeat’s complimentary newsletter.
