Kavar Capital Partners Reduces Stake in Vanguard ETF by 14.3%

Kavar Capital Partners Group LLC has decreased its holdings in the Vanguard Dividend Appreciation ETF (NYSEARCA: VIG) by 14.3% during the third quarter of 2023, as disclosed in its latest 13F filing with the U.S. Securities and Exchange Commission. The firm now owns 34,366 shares of the ETF, having sold 5,716 shares over the quarter. This adjustment positions the Vanguard ETF as approximately 1.0% of Kavar Capital’s overall portfolio, ranking it as the firm’s 28th largest investment.

As of the end of the most recent reporting period, Kavar Capital Partners valued its holdings in the Vanguard Dividend Appreciation ETF at around $7.42 million. This decision is part of a broader trend among hedge funds adjusting their investments in the ETF.

Several other investment firms have also made significant changes to their positions in the Vanguard Dividend Appreciation ETF. For instance, Brighton Jones LLC increased its ownership by an impressive 92.5% during the fourth quarter of 2022, bringing its total to 34,563 shares valued at approximately $6.77 million. Meanwhile, Revolve Wealth Partners LLC expanded its stake by 12.9%, acquiring an additional 577 shares to reach a total of 5,066 shares worth about $992,000.

In the first quarter, new positions emerged as well. WPG Advisers LLC entered the market with a new stake valued at around $54,000, while Pinnacle Wealth Planning Services Inc. increased its holdings by 34.5%, now owning 1,549 shares valued at approximately $301,000. Additionally, Calton & Associates Inc. acquired a position worth about $897,000.

The Vanguard Dividend Appreciation ETF itself opened at $222.50 on Monday and has experienced fluctuations, with a fifty-two week low of $169.32 and a high of $224.59. The ETF currently boasts a market capitalization of $100.87 billion, a price-to-earnings ratio of 23.32, and a beta of 0.85. The 50-day simple moving average stands at $219.01, while the 200-day average is $212.97.

The Vanguard Dividend Appreciation ETF aims to replicate the investment performance of the Dividend Achievers Select Index. The ETF consists of stocks held in proportions that mirror their weightings in the index. Managed by The Vanguard Group, Inc. through its Quantitative Equity Group, the fund remains a significant player in the investment landscape.

Investors interested in further details on institutional holdings and trading activity regarding the Vanguard Dividend Appreciation ETF can explore resources such as HoldingsChannel.com for the latest 13F filings and insider transactions.