Brown Brothers Harriman & Co. Raises Stock Position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Brown Brothers Harriman & Co. raised its stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 61.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 7,300 shares of the company’s stock after buying an additional 2,767 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Vanguard High Dividend Yield ETF were worth $866,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. FSB Premier Wealth Management Inc. increased its stake in shares of Vanguard High Dividend Yield ETF by 3.8% during the 2nd quarter. FSB Premier Wealth Management Inc. now owns 2,282 shares of the company’s stock worth $271,000 after purchasing an additional 83 shares in the last quarter. Mechanics Bank Trust Department boosted its position in Vanguard High Dividend Yield ETF by 0.4% during the first quarter. Mechanics Bank Trust Department now owns 24,685 shares of the company’s stock worth $2,987,000 after acquiring an additional 88 shares during the last quarter. KFA Private Wealth Group LLC boosted its position in Vanguard High Dividend Yield ETF by 4.7% during the first quarter. KFA Private Wealth Group LLC now owns 1,966 shares of the company’s stock worth $238,000 after acquiring an additional 89 shares during the last quarter. Burkett Financial Services LLC boosted its position in Vanguard High Dividend Yield ETF by 0.7% during the second quarter. Burkett Financial Services LLC now owns 13,299 shares of the company’s stock worth $1,577,000 after acquiring an additional 92 shares during the last quarter. Finally, LVW Advisors LLC boosted its position in Vanguard High Dividend Yield ETF by 0.9% during the second quarter. LVW Advisors LLC now owns 10,985 shares of the company’s stock worth $1,303,000 after acquiring an additional 93 shares during the last quarter.

Vanguard High Dividend Yield ETF Stock Performance

Shares of NYSEARCA VYM opened at $127.04 on Wednesday. Vanguard High Dividend Yield ETF has a 1 year low of $98.40 and a 1 year high of $127.64. The firm’s 50 day moving average price is $123.38 and its 200 day moving average price is $120.25. The firm has a market cap of $57.52 billion, a P/E ratio of 15.88 and a beta of 0.70.

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.