Why One Fund Sold $3 Million From This International Dividend ETF After a 17% Year

Core Insights - Financial Connections Group sold 34,146 shares of the Vanguard International Dividend Appreciation ETF (NASDAQ: VIGI) for an estimated value of $3.09 million during the fourth quarter [2][3][7] - The end-of-quarter value of the position decreased by $2.90 million, influenced by both share sales and price movement [3][7] - Post-sale, VIGI accounts for 2.66% of Financial Connections Group's 13F reportable assets, down from 4.1% in the previous quarter [4] ETF Overview - The Vanguard International Dividend Appreciation ETF has an Assets Under Management (AUM) of $9.39 billion and a yield of 2.10% [5] - As of January 22, VIGI shares were priced at $92.66, reflecting a 13% increase over the past year, compared to a 14% gain for the S&P 500 [4] - The ETF focuses on high-quality international companies (excluding the U.S.) with a consistent record of growing dividends [6][9] Investment Strategy - VIGI's investment strategy aims to track an index of international companies known for dividend growth, providing investors with a diversified portfolio [6][9] - The ETF employs a passive management approach, designed to closely mirror the performance of its target index by holding constituent stocks in similar proportions [10]