Vanguard, the third-largest U.S. ETF sponsor, lowered the annual expense ratio on its popular Vanguard Dividend Appreciation ETF (NYSE: VIG ) to 0.1 percent from 0.13 percent effective Tuesday.
VIG is the largest dividend ETF by assets with $16.2 billion and has raked in $2.1 billion of that total this year, ETF Trends reported .
Fee reductions are nothing new for Vanguard, the pioneer of low cost index funds. In February, the firm cut fees on eight of its ETFs , including popular global funds such as the Vanguard FTSE Emerging Markets ETF (NYSE: VWO ) and the Vanguard FTSE Europe ETF (NYSE: VGK ).
VIG's top-10 holdings including PepsiCo (NYSE: PEP ), Wal-Mart (NYSE: WMT ) and Chevron (NYSE: CVX ). Eight of VIG's top-10 holdings are Dow components with PepsiCo and Abbott Labs (NYSE: ABT ) the exceptions.
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