Planning Alternatives Ltd. ADV Sells 248,680 Shares of Vanguard Dividend Appreciation ETF $VIG

Planning Alternatives Ltd. ADV trimmed its position in shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 92.9% during the 1st quarter, Holdings Channel reports. The fund owned 18,883 shares of the company’s stock after selling 248,680 shares during the period. Vanguard Dividend Appreciation ETF makes up approximately 0.5% of Planning Alternatives Ltd. ADV’s investment portfolio, making the stock its 17th biggest position. Planning Alternatives Ltd. ADV’s holdings in Vanguard Dividend Appreciation ETF were worth $4,061,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE raised its stake in Vanguard Dividend Appreciation ETF by 16.2% during the fourth quarter. Bank of America Corp DE now owns 24,739,680 shares of the company’s stock valued at $5,437,287,000 after purchasing an additional 3,448,292 shares in the last quarter. Morgan Stanley grew its stake in shares of Vanguard Dividend Appreciation ETF by 2.0% in the 4th quarter. Morgan Stanley now owns 12,774,029 shares of the company’s stock worth $2,807,477,000 after buying an additional 247,444 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Vanguard Dividend Appreciation ETF by 2.2% in the 4th quarter. Wells Fargo & Company MN now owns 10,814,160 shares of the company’s stock worth $2,376,736,000 after buying an additional 228,122 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Vanguard Dividend Appreciation ETF by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 10,690,700 shares of the company’s stock worth $2,349,602,000 after buying an additional 130,639 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its holdings in shares of Vanguard Dividend Appreciation ETF by 3.0% in the 4th quarter. Wealthfront Advisers LLC now owns 9,879,191 shares of the company’s stock worth $2,171,249,000 after buying an additional 287,085 shares during the last quarter.

Vanguard Dividend Appreciation ETF Stock Performance

Shares of NYSEARCA VIG opened at $237.61 on Monday. The firm’s 50-day moving average price is $234.69 and its 200-day moving average price is $227.28. The stock has a market capitalization of $110.58 billion, a price-to-earnings ratio of 23.32 and a beta of 0.82. Vanguard Dividend Appreciation ETF has a 12-month low of $203.17 and a 12-month high of $240.08.

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