Claro Advisors LLC Reduces Stake in Vanguard Dividend Appreciation ETF

Claro Advisors LLC has significantly reduced its investment in the Vanguard Dividend Appreciation ETF (NYSEARCA:VIG – Free Report) by 50.2% during the fourth quarter, as reported by Holdings Channel. After selling 1,978 shares, the institutional investor now holds 1,959 shares of this ETF.

At the close of this quarter, the value of Claro Advisors LLC's holdings in the Vanguard Dividend Appreciation ETF amounted to $384,000. This decrease in share count reflects broader trends in investment strategies among institutional investors managing large portfolios.

Several other hedge funds have made adjustments to their positions in VIG as well. For instance, Sanctuary Advisors LLC has recently taken a new position in the Vanguard Dividend Appreciation ETF, investing approximately $73,967,000 in the second quarter. LPL Financial LLC also increased its stake by 5.7% during the third quarter, leading to a total ownership of 5,808,810 shares valued at about $1,150,493,000, following the acquisition of an additional 314,952 shares.

Wealth Enhancement Advisory Services LLC expanded its investment by 28.3% in the fourth quarter and now holds 1,199,854 shares worth $237,643,000. Similarly, Mesirow Financial Investment Management Inc. has raised its stake by an impressive 108.2% during the third quarter, now owning 345,254 shares valued at $68,381,000 after obtaining 179,441 shares in the last quarter. Lastly, Raymond James & Associates has increased its stake by 5.1%, managing to acquire an additional 178,450 shares, bringing their total to 3,698,942 shares valued at $732,612,000.

Performance of Vanguard Dividend Appreciation ETF

The Vanguard Dividend Appreciation ETF saw its shares open at $195.18 on Wednesday. Its 50-day moving average stands at $199.72, while its 200-day moving average is at $195.06. Over the past year, the ETF reached a low of $168.65 and a high of $205.20. The ETF currently boasts a market capitalization of $84.38 billion, a price-to-earnings (PE) ratio of 24.54, and a beta of 0.78, indicating a relatively stable performance compared to the market.

About Vanguard Dividend Appreciation ETF

The Vanguard Dividend Appreciation ETF aims to mirror the investment performance of the Dividend Achievers Select Index. This ETF holds a portfolio of stocks that reflects the same proportions as their weightings in the corresponding index, allowing investors to track the performance of dividend-paying companies effectively.

Evaluate Your Investment Options

Investors are encouraged to consider various strategies and positions while evaluating their portfolios. Seeking alternative investment opportunities is essential, and it might also be beneficial to explore current market trends and forecasts that could affect future decisions.

Claro, Vanguard, ETF