Envestnet Cuts Stake in Vanguard International Dividend ETF by 13%

Envestnet Portfolio Solutions Inc. has reduced its holdings in the Vanguard International Dividend Appreciation ETF (NASDAQ: VIGI) by 13.0% during the second quarter of 2023. The firm sold 689 shares, bringing its total ownership to 4,615 shares, valued at approximately $416,000 according to its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made adjustments to their positions in VIGI. Notably, BOS Asset Management LLC increased its shareholding by 2.4%, now owning 5,333 shares worth $481,000 after acquiring an additional 123 shares in the same quarter. Atria Wealth Solutions Inc. also lifted its stake by 2.0% to a total of 6,485 shares, valued at $538,000, following the purchase of 126 shares earlier in the year.

McKinley Carter Wealth Services Inc. raised its position by 1.0% in the second quarter, bringing its total to 15,258 shares valued at about $1.375 million after adding 152 shares. Compass Advisory Group LLC and Family CFO Inc. also increased their stakes, with the former raising its holdings by 0.7% and the latter significantly boosting its position by 29.7%.

Current Performance of VIGI

As of Thursday, VIGI opened at $90.72, reflecting a slight decline of 0.2%. This exchange-traded fund has a market capitalization of $9 billion, a price-to-earnings ratio of 21.41, and a beta of 0.77. The stock has experienced a 12-month low of $74.27 and a high of $91.61. Its fifty-day simple moving average stands at $89.86, while the 200-day simple moving average is at $88.10.

The Vanguard International Dividend Appreciation ETF was launched on February 25, 2016. It is designed to track the S&P Global Ex-U.S. Dividend Growers Index, which consists of companies from developed and emerging markets that have consistently raised their dividends for at least seven consecutive years.

Investors interested in tracking institutional movements or obtaining the latest news on VIGI can visit HoldingsChannel.com, which provides up-to-date 13F filings and insider trades for the ETF.

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