Mattern Capital Management LLC Trims Stock Holdings in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)

Mattern Capital Management LLC decreased its position in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 16.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,558 shares of the company’s stock after selling 307 shares during the period. Mattern Capital Management LLC’s holdings in Vanguard Dividend Appreciation ETF were worth $305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dash Acquisitions Inc. raised its stake in Vanguard Dividend Appreciation ETF by 6.7% in the 4th quarter. Dash Acquisitions Inc. now owns 1,411 shares of the company’s stock worth $284,000 after acquiring an additional 89 shares during the last quarter. Boston Financial Mangement LLC raised its stake in shares of Vanguard Dividend Appreciation ETF by 0.6% during the 4th quarter. Boston Financial Mangement LLC now owns 46,801 shares of the company’s stock valued at $9,165,000 after buying an additional 258 shares during the last quarter. WealthBridge Capital Management LLC raised its stake in shares of Vanguard Dividend Appreciation ETF by 2.4% during the 4th quarter. WealthBridge Capital Management LLC now owns 29,414 shares of the company’s stock valued at $5,760,000 after buying an additional 684 shares during the last quarter. Sunpointe LLC raised its stake in shares of Vanguard Dividend Appreciation ETF by 134.4% during the 4th quarter. Sunpointe LLC now owns 14,120 shares of the company’s stock valued at $2,765,000 after buying an additional 8,097 shares during the last quarter. Finally, FMA Wealth Management LLC raised its stake in shares of Vanguard Dividend Appreciation ETF by 0.8% during the 4th quarter. FMA Wealth Management LLC now owns 17,025 shares of the company’s stock valued at $3,334,000 after buying an additional 132 shares during the last quarter.

Vanguard Dividend Appreciation ETF Stock Performance

NYSEARCA VIG opened at $201.98 on Friday. The stock has a 50-day simple moving average of $199.82 and a two-hundred day simple moving average of $198.01. The firm has a market capitalization of $87.32 billion, a P/E ratio of 24.54 and a beta of 0.78. Vanguard Dividend Appreciation ETF has a fifty-two week low of $173.17 and a fifty-two week high of $205.24.

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.