Brick & Kyle Associates Acquires Shares of 2,186 Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Brick & Kyle Associates acquired a new stake in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,186 shares of the company’s stock, valued at approximately $279,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in Vanguard High Dividend Yield ETF in the fourth quarter worth $921,398,000. JPMorgan Chase & Co. grew its stake 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 acquiring an additional 3,292,948 shares during the period. Bank of America Corp DE grew its stake in shares of 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 valued at $1,753,157,000 after acquiring an additional 2,409,649 shares during the period. Wellspring Financial Advisors LLC lifted its holdings in Vanguard High Dividend Yield ETF by 29.3% in the 4th quarter. Wellspring Financial Advisors LLC now owns 2,968,984 shares of the company’s stock worth $378,813,000 after purchasing an additional 672,757 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Vanguard High Dividend Yield ETF in the 4th quarter worth approximately $77,577,000.

Vanguard High Dividend Yield ETF Price Performance

Shares of VYM opened at $127.09 on Friday. The stock has a market capitalization of $58.07 billion, a price-to-earnings ratio of 18.71 and a beta of 0.79. Vanguard High Dividend Yield ETF has a 1 year low of $112.05 and a 1 year high of $135.10. The business’s 50 day simple moving average is $124.85 and its 200-day simple moving average is $128.99.

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.