FIDELIS iM LLC has increased its investment in the Vanguard Dividend Appreciation ETF (NYSEARCA: VIG) by 5.9% during the first quarter of 2023. This move involved the purchase of an additional 9,014 shares, bringing the total ownership to 161,091 shares. This investment represents approximately 14.5% of FIDELIS iM LLC’s overall portfolio, making it the second largest position held by the firm. According to its latest filing with the Securities and Exchange Commission, the value of FIDELIS iM LLC’s holdings in the fund stands at around $31.25 million.

Several other institutional investors have also recently adjusted their positions in the Vanguard Dividend Appreciation ETF. Notably, Brighton Jones LLC significantly raised its stake by 92.5% in the fourth quarter, acquiring an additional 16,606 shares to reach a total of 34,563 shares valued at approximately $6.77 million. Similarly, Revolve Wealth Partners LLC increased its holdings by 12.9%, ending the quarter with 5,066 shares valued at around $992,000.

Proficio Capital Partners LLC and Sequoia Financial Advisors LLC also enhanced their stakes in the fund, increasing their holdings by 5.8% and 38.3%, respectively. Proficio now owns 13,008 shares valued at $2.55 million, while Sequoia holds 20,469 shares worth about $4.01 million. Additionally, Wintrust Investments LLC raised its position by 2.0%, bringing its total ownership to 7,865 shares valued at $1.54 million.

Current Stock Performance and Market Insights

As of the latest trading session, Vanguard Dividend Appreciation ETF opened at $207.25. Over the past year, the stock has experienced fluctuations, with a low of $169.32 and a high of $208.11. The fund’s fifty-day simple moving average stands at $199.63, while its two-hundred-day simple moving average is $196.70. The ETF boasts a market capitalization of approximately $93.5 billion, a price-to-earnings (P/E) ratio of 23.32, and a beta of 0.85, indicating its relative stability compared to the broader market.

The Vanguard Dividend Appreciation ETF aims to track the performance of the Dividend Achievers Select Index, which includes companies that have a history of increasing dividends. The fund is designed to hold all stocks in the index, reflecting their respective weightings.

Investors interested in tracking the latest developments regarding Vanguard Dividend Appreciation ETF and other hedge fund activities can visit HoldingsChannel.com for comprehensive insights, including the most recent 13F filings and insider trading information.

For those wanting daily updates on news and ratings related to the Vanguard Dividend Appreciation ETF, MarketBeat.com offers a free email newsletter that delivers concise summaries directly to subscribers.