Essex Financial Services Inc. Increases Position in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)

Essex Financial Services Inc. increased its stake in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 8.9% in the 4th quarter, Holdings Channel reports. The fund owned 63,877 shares of the company’s stock after buying an additional 5,213 shares during the quarter. Vanguard Dividend Appreciation ETF comprises about 0.9% of Essex Financial Services Inc.’s holdings, making the stock its 24th largest position. Essex Financial Services Inc.’s holdings in Vanguard Dividend Appreciation ETF were worth $12,509,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. purchased a new position in Vanguard Dividend Appreciation ETF in the third quarter worth $29,000. Comprehensive Financial Planning Inc. PA purchased a new position in Vanguard Dividend Appreciation ETF in the fourth quarter worth $38,000. Bank of New Hampshire grew its position in Vanguard Dividend Appreciation ETF by 244.4% in the fourth quarter. Bank of New Hampshire now owns 217 shares of the company’s stock worth $42,000 after acquiring an additional 154 shares in the last quarter. Bangor Savings Bank boosted its position in Vanguard Dividend Appreciation ETF by 41.0% during the fourth quarter. Bangor Savings Bank now owns 220 shares of the company’s stock valued at $43,000 after buying an additional 64 shares during the period. Finally, Retirement Wealth Solutions LLC purchased a new stake in Vanguard Dividend Appreciation ETF during the fourth quarter valued at about $48,000.

Vanguard Dividend Appreciation ETF Stock Up 0.7 %

NYSEARCA VIG opened at $203.15 on Tuesday. The company has a 50-day simple moving average of $199.54 and a two-hundred day simple moving average of $196.99. Vanguard Dividend Appreciation ETF has a 12-month low of $172.54 and a 12-month high of $205.20. The firm has a market cap of $87.83 billion, a price-to-earnings ratio of 24.54 and a beta of 0.78.

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.