Hippocratic Financial Advisors LLC Takes Position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Hippocratic Financial Advisors LLC purchased a new position in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 126,917 shares of the company’s stock, valued at approximately $16,193,000. Vanguard High Dividend Yield ETF makes up approximately 11.3% of Hippocratic Financial Advisors LLC’s holdings, making the stock its 3rd largest position.

A number of other institutional investors also recently modified their holdings of VYM. Blair William & Co. IL lifted its stake in shares of Vanguard High Dividend Yield ETF by 2.7% during the fourth quarter. Blair William & Co. IL now owns 147,155 shares of the company’s stock valued at $18,775,000 after acquiring an additional 3,899 shares during the period. Howe & Rusling Inc. lifted its position in Vanguard High Dividend Yield ETF by 14.6% during the 4th quarter. Howe & Rusling Inc. now owns 74,931 shares of the company’s stock valued at $9,560,000 after purchasing an additional 9,549 shares during the period. AssuredPartners Investment Advisors LLC bought a new position in shares of Vanguard High Dividend Yield ETF in the 4th quarter valued at about $2,095,000. JPMorgan Chase & Co. grew 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 worth $696,339,000 after buying an additional 3,292,948 shares during the period. Finally, Wells Financial Advisors INC raised its stake in shares of Vanguard High Dividend Yield ETF by 3.8% during the fourth quarter. Wells Financial Advisors INC now owns 27,355 shares of the company’s stock worth $3,490,000 after buying an additional 1,014 shares during the last quarter.

Vanguard High Dividend Yield ETF Stock Performance

Shares of VYM stock opened at $128.87 on Friday. Vanguard High Dividend Yield ETF has a 52-week low of $114.37 and a 52-week high of $135.10. The firm’s 50 day moving average price is $131.63 and its two-hundred day moving average price is $130.22. The stock has a market cap of $59.25 billion, a PE ratio of 18.95 and a beta of 0.83.

Vanguard High Dividend Yield ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 21st were issued a dividend of $0.85 per share. The ex-dividend date of this dividend was Friday, March 21st.

Vanguard High Dividend Yield ETF Company 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.