Perritt Capital Management Inc has completely exited its position in the Vanguard International Dividend Appreciation ETF (VIGI), selling all 116,495 shares and marking a $10.43 million decrease in its quarter-end stake value. This move reflects a significant 17.45% drop in the fund’s 13F reportable assets under management (AUM), as VIGI previously accounted for 4.9% of Perritt’s AUM.
The sale of VIGI, which focuses on non-U.S. companies with a strong track record of dividend growth, raises questions about the ETF’s future performance amid shifting market dynamics. As of the latest report, VIGI shares were priced at $85.61, reflecting a 4.91% increase over the past year. However, the exit by Perritt suggests a reevaluation of the ETF’s appeal in a competitive landscape where investors may seek higher returns elsewhere.
For market professionals, this development underscores the need to closely monitor fund allocations and sector movements, particularly in international equities. To gain deeper insights into this transaction and its broader implications, I recommend checking out the full article.
Source: nasdaq.com