Is Vanguard Dividend Appreciation ETF a Buy?

Vanguard Dividend Appreciation ETF (NYSEMKT: VIG) is offered up from a highly respected fund family, but that doesn't mean it will fit well in your portfolio. In fact, despite having the word "dividend" in the name, the yield today is actually lower than what you would get from buying an S&P 500 index ETF. So income isn't a big reason to own this exchange-traded fund at all. Here's what Vanguard Dividend Appreciation ETF actually does and why you may or may not want own it.

The $49 billion Vanguard Dividend Appreciation ETF tracks the NASDAQ US Dividend Achievers Select Index. It has a minuscule expense ratio of 0.06%, making it a very cheap fund to own. Vanguard Dividend Appreciation ETF's portfolio contains around 180 stocks.

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Source Fool.com