Cornerstone Advisory LLC Grows Stock Position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Cornerstone Advisory LLC raised its stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 6.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 327,913 shares of the company’s stock after buying an additional 21,260 shares during the period. Vanguard High Dividend Yield ETF comprises about 5.0% of Cornerstone Advisory LLC’s portfolio, making the stock its 2nd biggest position. Cornerstone Advisory LLC owned 0.07% of Vanguard High Dividend Yield ETF worth $43,865,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Vanguard High Dividend Yield ETF during the 4th quarter valued at about $921,398,000. JPMorgan Chase & Co. boosted its position in shares of Vanguard High Dividend Yield ETF by 152.1% during the 4th quarter. JPMorgan Chase & Co. now owns 5,457,629 shares of the company’s stock valued at $696,339,000 after purchasing an additional 3,292,948 shares in the last quarter. Bank of America Corp DE raised its stake in Vanguard High Dividend Yield ETF by 21.3% during the 4th quarter. Bank of America Corp DE now owns 13,740,556 shares of the company’s stock worth $1,753,157,000 after buying an additional 2,409,649 shares during the period. Wellspring Financial Advisors LLC raised its stake in Vanguard High Dividend Yield ETF by 29.3% during the 4th quarter. Wellspring Financial Advisors LLC now owns 2,968,984 shares of the company’s stock worth $378,813,000 after buying an additional 672,757 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in Vanguard High Dividend Yield ETF during the 4th quarter worth approximately $77,577,000.

Vanguard High Dividend Yield ETF Stock Performance

VYM stock opened at $127.75 on Thursday. The stock’s 50 day simple moving average is $124.94 and its 200 day simple moving average is $129.02. Vanguard High Dividend Yield ETF has a fifty-two week low of $112.05 and a fifty-two week high of $135.10. The company has a market cap of $58.37 billion, a P/E ratio of 18.71 and a beta of 0.79.

Vanguard High Dividend Yield ETF 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.