Archer Investment Corp Sells 25,538 Shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)

Archer Investment Corp lessened its stake in shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 54.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,201 shares of the company’s stock after selling 25,538 shares during the period. Vanguard Dividend Appreciation ETF accounts for approximately 1.2% of Archer Investment Corp’s holdings, making the stock its 16th biggest position. Archer Investment Corp’s holdings in Vanguard Dividend Appreciation ETF were worth $3,613,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in shares of Vanguard Dividend Appreciation ETF during the 4th quarter valued at about $31,000. Financial Freedom LLC bought a new position in shares of Vanguard Dividend Appreciation ETF during the 4th quarter valued at about $28,000. Provence Wealth Management Group bought a new position in shares of Vanguard Dividend Appreciation ETF during the 3rd quarter valued at about $29,000. Sawyer & Company Inc bought a new position in shares of Vanguard Dividend Appreciation ETF during the 3rd quarter valued at about $31,000. Finally, Sittner & Nelson LLC lifted its holdings in shares of Vanguard Dividend Appreciation ETF by 368.0% in 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.

Vanguard Dividend Appreciation ETF Trading Down 0.1 %

Shares of NYSEARCA:VIG traded down $0.24 during trading on Wednesday, reaching $173.74. The company’s stock had a trading volume of 572,544 shares, compared to its average volume of 1,031,300. Vanguard Dividend Appreciation ETF has a 12 month low of $149.67 and a 12 month high of $183.52. The firm’s 50 day simple moving average is $178.47 and its two-hundred day simple moving average is $169.17. The stock has a market capitalization of $75.11 billion, a PE ratio of 24.56 and a beta of 0.80.

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.