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VIG: $69 Billion Dividend Growth ETF Up 8.5% YTD - A Buy? - Seeking Alpha

Since its Index reconstituted in March, the Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) has been one of the best-performing large-cap dividend ETFs. The well-diversified fund offers investors a nice balance between growth potential and downside protection, and its 8.47% YTD return ranks #12/62 dividend ETFs I track. I recommended VIG in March and again in June, highlighting how VIG traded at a solid discount to the SPDR S&P 500 ETF (SPY) while featuring a similar earnings growth rate. However, the purpose of this article is to update readers on VIG's deteriorating fundamentals. It's not too significant yet, but VIG's holdings had only a moderately successful last earnings season, and its lower allocations to Technology and Communication stocks continue ...

seekingalpha.com     Sep 03, 2023