What you are linking to in your OP are websites of the Investment company that runs the ETF. They are giving a reinvestment price for the payable date and this may be required by the SEC.That part I understand, but why does Vanguard's ETF website show that dividends were re-invested at price $236.04 (12/21/2023), when in reality the re-investment price was $238.07 (12/27/2023)?An ETF is not a mutual fund it is not a journal entry to reinvest the dividend. The vanguard ETF sends cash to the vanguard brokerage (note different) company which then deposits the cash into your account. They then use the cash they gave you and others to buy shares of the ETF and give you the average price they paid on the market for it.
The reinvestment price you get depends on the brokerage where you hold the ETF (and will be different days for different brokerages as I and several others have explained). At a minimum, you cannot say "in reality the re-investment price was $238.07 (12/27/2023)" because shareholders at other brokerages will have different reinvestment prices and commonly different re-investment dates. The Vanguard Brokerage is a different company from the Vanguard company that operates the ETF's; it is as simple as that.
If you want to ensure the price on the payable date, then...you need to own the mutual fund share class.
Statistics: Posted by Geologist — Tue Mar 12, 2024 8:50 pm — Replies 8 — Views 674