Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Shares Acquired by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. lifted its stake in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 43.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,643 shares of the company’s stock after purchasing an additional 1,108 shares during the period. Institute for Wealth Management LLC.’s holdings in Vanguard High Dividend Yield ETF were worth $470,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of VYM. Raymond James Financial Inc. acquired a new stake in Vanguard High Dividend Yield ETF during the 4th quarter valued at $921,398,000. JPMorgan Chase & Co. boosted its position in shares of Vanguard High Dividend Yield ETF by 152.1% in the fourth quarter. JPMorgan Chase & Co. now owns 5,457,629 shares of the company’s stock worth $696,339,000 after buying an additional 3,292,948 shares during the period. Bank of America Corp DE grew its holdings in shares of Vanguard High Dividend Yield ETF by 21.3% during the fourth quarter. Bank of America Corp DE now owns 13,740,556 shares of the company’s stock valued at $1,753,157,000 after buying an additional 2,409,649 shares in the last quarter. Wellspring Financial Advisors LLC raised its position in Vanguard High Dividend Yield ETF by 29.3% during the fourth quarter. Wellspring Financial Advisors LLC now owns 2,968,984 shares of the company’s stock valued at $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 fourth quarter valued at $77,577,000.

Vanguard High Dividend Yield ETF Trading Up 0.2%

Shares of NYSEARCA VYM opened at $130.28 on Friday. Vanguard High Dividend Yield ETF has a one year low of $112.05 and a one year high of $135.10. The business has a 50-day moving average price of $126.80 and a two-hundred day moving average price of $128.66. The firm has a market capitalization of $59.46 billion, a PE ratio of 18.75 and a beta of 0.79.

About Vanguard High Dividend Yield ETF

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.