The Manufacturers Life Insurance Company Grows Stock Holdings in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

The Manufacturers Life Insurance Company lifted its position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 6.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,889,775 shares of the company’s stock after buying an additional 121,099 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Vanguard High Dividend Yield ETF were worth $242,269,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of VYM. Chris Bulman Inc purchased a new stake in Vanguard High Dividend Yield ETF during the second quarter worth about $26,000. Cultivar Capital Inc. purchased a new position in shares of Vanguard High Dividend Yield ETF in the second quarter valued at approximately $36,000. Clean Yield Group acquired a new position in shares of Vanguard High Dividend Yield ETF in the first quarter valued at approximately $44,000. Highline Wealth Partners LLC purchased a new stake in Vanguard High Dividend Yield ETF during the 3rd quarter worth approximately $45,000. Finally, Ridgewood Investments LLC acquired a new stake in Vanguard High Dividend Yield ETF during the 2nd quarter worth approximately $49,000.

Vanguard High Dividend Yield ETF Stock Up 0.6 %

Shares of VYM stock opened at $134.41 on Tuesday. Vanguard High Dividend Yield ETF has a 52 week low of $105.37 and a 52 week high of $134.98. The firm has a 50 day moving average of $129.59 and a two-hundred day moving average of $124.30. The stock has a market capitalization of $60.86 billion, a PE ratio of 15.88 and a beta of 0.70.

Vanguard High Dividend Yield ETF Company Profile

The Vanguard High Dividend Yield Index Fund (VYM) is an exchange-traded fund that is based on the FTSE Custom High Dividend Yield index. The fund tracks the FTSE High Dividend Yield Index. The index selects high-dividend-paying US companies, excluding REITS, and weights them by market cap. VYM was launched on Nov 10, 2006 and is managed by Vanguard.