Morton Capital Management LLC CA Cuts Stake in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)

Morton Capital Management LLC CA reduced its stake in shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 0.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 25,488 shares of the company’s stock after selling 170 shares during the period. Vanguard Dividend Appreciation ETF makes up about 1.3% of Morton Capital Management LLC CA’s holdings, making the stock its 13th largest holding. Morton Capital Management LLC CA’s holdings in Vanguard Dividend Appreciation ETF were worth $4,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Financial Freedom LLC purchased a new stake in Vanguard Dividend Appreciation ETF during the 4th quarter valued at approximately $28,000. Provence Wealth Management Group bought a new position in shares of Vanguard Dividend Appreciation ETF during the 3rd quarter valued at approximately $29,000. Sawyer & Company Inc bought a new position in shares of Vanguard Dividend Appreciation ETF during the 3rd quarter valued at approximately $31,000. Sittner & Nelson LLC boosted its position in shares of Vanguard Dividend Appreciation ETF by 368.0% during the 3rd quarter. Sittner & Nelson LLC now owns 234 shares of the company’s stock valued at $36,000 after acquiring an additional 184 shares during the last quarter. Finally, Credit Suisse AG bought a new position in shares of Vanguard Dividend Appreciation ETF during the 2nd quarter valued at approximately $34,000.

Vanguard Dividend Appreciation ETF Price Performance

Shares of NYSEARCA VIG traded up $2.26 during midday trading on Wednesday, reaching $182.36. 1,067,233 shares of the stock traded hands, compared to its average volume of 1,080,315. The stock has a market capitalization of $77.90 billion, a PE ratio of 20.10 and a beta of 0.85. Vanguard Dividend Appreciation ETF has a one year low of $149.22 and a one year high of $183.52. The company’s 50 day moving average is $176.61 and its 200 day moving average is $167.10.

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.