Modern Wealth Management LLC Takes $610,000 Position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Modern Wealth Management LLC bought a new stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,588 shares of the company’s stock, valued at approximately $610,000.

A number of other large investors have also recently made changes to their positions in the company. FSA Wealth Management LLC purchased a new stake in shares of Vanguard High Dividend Yield ETF in the third quarter valued at about $26,000. Valley Wealth Managers Inc. grew its holdings in shares of Vanguard High Dividend Yield ETF by 314.8% during the fourth quarter. Valley Wealth Managers Inc. now owns 253 shares of the company’s stock worth $32,000 after buying an additional 192 shares during the last quarter. Runnymede Capital Advisors Inc. acquired a new position in Vanguard High Dividend Yield ETF in the 4th quarter valued at about $34,000. Decker Retirement Planning Inc. purchased a new stake in Vanguard High Dividend Yield ETF during the 4th quarter valued at approximately $39,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in Vanguard High Dividend Yield ETF during the 4th quarter valued at approximately $39,000.

Vanguard High Dividend Yield ETF Trading Up 0.1 %

NYSEARCA:VYM opened at $129.31 on Thursday. Vanguard High Dividend Yield ETF has a 12-month low of $114.37 and a 12-month high of $135.10. The stock’s 50 day simple moving average is $131.67 and its 200-day simple moving average is $130.23. The firm has a market cap of $59.46 billion, a P/E ratio of 18.95 and a beta of 0.83.

Vanguard High Dividend Yield ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 21st were paid a $0.85 dividend. The ex-dividend date was Friday, March 21st.

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.