Vanguard Dividend Appreciation ETF $VIG is M3 Wealth Management LLC’s Largest Position

M3 Wealth Management LLC lifted its holdings in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 7.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,328 shares of the company’s stock after purchasing an additional 3,347 shares during the quarter. Vanguard Dividend Appreciation ETF comprises about 8.5% of M3 Wealth Management LLC’s portfolio, making the stock its biggest position. M3 Wealth Management LLC’s holdings in Vanguard Dividend Appreciation ETF were worth $11,039,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Salomon & Ludwin LLC raised its stake in Vanguard Dividend Appreciation ETF by 4.3% in the fourth quarter. Salomon & Ludwin LLC now owns 1,084 shares of the company’s stock valued at $241,000 after buying an additional 45 shares during the last quarter. Rather & Kittrell Inc. grew its stake in shares of Vanguard Dividend Appreciation ETF by 3.9% during the fourth quarter. Rather & Kittrell Inc. now owns 1,206 shares of the company’s stock worth $265,000 after acquiring an additional 45 shares during the last quarter. OMNI 360 Wealth Inc. grew its stake in shares of Vanguard Dividend Appreciation ETF by 1.2% during the fourth quarter. OMNI 360 Wealth Inc. now owns 3,762 shares of the company’s stock worth $845,000 after acquiring an additional 45 shares during the last quarter. Essex LLC grew its stake in shares of Vanguard Dividend Appreciation ETF by 0.8% during the fourth quarter. Essex LLC now owns 5,915 shares of the company’s stock worth $1,300,000 after acquiring an additional 46 shares during the last quarter. Finally, Keeler & Nadler Financial Planning & Wealth Management increased its holdings in shares of Vanguard Dividend Appreciation ETF by 0.7% during the fourth quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 6,451 shares of the company’s stock valued at $1,418,000 after acquiring an additional 46 shares in the last quarter.

Vanguard Dividend Appreciation ETF Stock Down 0.5%

VIG opened at $237.30 on Wednesday. The company has a market cap of $110.43 billion, a P/E ratio of 23.32 and a beta of 0.82. The firm’s 50-day moving average price is $234.13 and its 200-day moving average price is $226.95. Vanguard Dividend Appreciation ETF has a 52-week low of $203.17 and a 52-week high of $240.08.

Vanguard Dividend Appreciation ETF Profile

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. The Vanguard Group, Inc, through its Quantitative Equity Group, serves as the investment advisor of the Fund.