Cornerstone Wealth Management LLC Has $97.99 Million Stake in Vanguard Dividend Appreciation ETF (VIG)

Cornerstone Wealth Management LLC decreased its position in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,335,323 shares of the company’s stock after selling 266,798 shares during the quarter. Vanguard Dividend Appreciation ETF accounts for approximately 1.2% of Cornerstone Wealth Management LLC’s holdings, making the stock its 10th largest position. Cornerstone Wealth Management LLC owned 3.34% of Vanguard Dividend Appreciation ETF worth $97,988,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Beacon Capital Management Inc. acquired a new position in Vanguard Dividend Appreciation ETF during the 2nd quarter valued at approximately $119,000. Summit Trail Advisors LLC boosted its position in Vanguard Dividend Appreciation ETF by 10,044.0% during the 1st quarter. Summit Trail Advisors LLC now owns 127,814 shares of the company’s stock valued at $128,000 after purchasing an additional 126,554 shares during the period. American National Bank boosted its position in Vanguard Dividend Appreciation ETF by 231.5% during the 2nd quarter. American National Bank now owns 1,326 shares of the company’s stock valued at $135,000 after purchasing an additional 926 shares during the period. Riggs Asset Managment Co. Inc. boosted its position in Vanguard Dividend Appreciation ETF by 44.0% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,607 shares of the company’s stock valued at $163,000 after purchasing an additional 491 shares during the period. Finally, Murphy Capital Management Inc. acquired a new position in Vanguard Dividend Appreciation ETF during the 2nd quarter valued at approximately $200,000.

NYSEARCA:VIG traded down $0.19 during midday trading on Friday, reaching $105.04. 15,864 shares of the company traded hands, compared to its average volume of 732,678. Vanguard Dividend Appreciation ETF has a twelve month low of $95.86 and a twelve month high of $112.61.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Thursday, September 27th were given a dividend of $0.4981 per share. The ex-dividend date was Wednesday, September 26th. This represents a $1.99 dividend on an annualized basis and a yield of 1.90%.

Vanguard Dividend Appreciation ETF Company Profile

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.

Read More: Why Dividend Stocks May Be Right for You

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Institutional Ownership by Quarter for Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)

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