Cornerstone Financial Management LLC Invests $1.34 Million in Vanguard High Dividend Yield ETF $VYM

Cornerstone Financial Management LLC acquired a new position in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,358 shares of the company’s stock, valued at approximately $1,343,000. Vanguard High Dividend Yield ETF makes up approximately 1.3% of Cornerstone Financial Management LLC’s investment portfolio, making the stock its 22nd biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in VYM. Brighton Jones LLC boosted its position in Vanguard High Dividend Yield ETF by 23.3% in the fourth quarter. Brighton Jones LLC now owns 16,836 shares of the company’s stock valued at $2,148,000 after buying an additional 3,177 shares in the last quarter. AQR Capital Management LLC boosted its position in Vanguard High Dividend Yield ETF by 314.5% in the first quarter. AQR Capital Management LLC now owns 28,618 shares of the company’s stock valued at $3,690,000 after buying an additional 21,713 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Vanguard High Dividend Yield ETF by 245.7% in the second quarter. Russell Investments Group Ltd. now owns 3,519 shares of the company’s stock valued at $469,000 after buying an additional 2,501 shares in the last quarter. First Trust Advisors LP boosted its position in Vanguard High Dividend Yield ETF by 42.7% in the second quarter. First Trust Advisors LP now owns 18,568 shares of the company’s stock valued at $2,475,000 after buying an additional 5,556 shares in the last quarter. Finally, Gamco Investors INC. ET AL acquired a new stake in Vanguard High Dividend Yield ETF in the second quarter valued at approximately $1,066,000.

Vanguard High Dividend Yield ETF Price Performance

Shares of NYSEARCA VYM opened at $160.33 on Friday. The company has a 50 day simple moving average of $155.81 and a 200 day simple moving average of $151.10. The firm has a market cap of $78.64 billion, a PE ratio of 17.79 and a beta of 0.73. Vanguard High Dividend Yield ETF has a 1 year low of $129.11 and a 1 year high of $161.29.

Vanguard High Dividend Yield ETF Profile

Vanguard High Dividend Yield ETF (NYSEARCA: VYM) is an exchange-traded fund designed to track the performance of the FTSE High Dividend Yield Index. The fund seeks to provide exposure to U.S. companies that are forecast to pay above-average dividends, offering investors a diversified way to access income-generating equities.

The ETF primarily invests in large-cap U.S. stocks across a range of sectors, with holdings selected for their dividend characteristics rather than active stock-picking.