Smith Moore & CO. Increases Stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Smith Moore & CO. raised its holdings in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,373 shares of the company’s stock after buying an additional 198 shares during the period. Smith Moore & CO.’s holdings in Vanguard High Dividend Yield ETF were worth $1,324,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Vanguard High Dividend Yield ETF by 0.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,164,681 shares of the company’s stock valued at $277,512,000 after buying an additional 9,363 shares during the period. World Investment Advisors LLC grew its holdings in Vanguard High Dividend Yield ETF by 451.3% during the 3rd quarter. World Investment Advisors LLC now owns 22,939 shares of the company’s stock worth $2,941,000 after acquiring an additional 18,778 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Vanguard High Dividend Yield ETF during the 4th quarter worth approximately $2,588,000. Bank of New York Mellon Corp increased its position in shares of Vanguard High Dividend Yield ETF by 1.3% in the 4th quarter. Bank of New York Mellon Corp now owns 114,629 shares of the company’s stock valued at $14,626,000 after purchasing an additional 1,496 shares during the last quarter. Finally, PKS Advisory Services LLC acquired a new stake in shares of Vanguard High Dividend Yield ETF in the 4th quarter valued at $242,000.

Vanguard High Dividend Yield ETF Trading Down 5.7 %

Shares of VYM stock opened at $117.03 on Friday. The company has a market cap of $53.84 billion, a P/E ratio of 18.76 and a beta of 0.79. The firm has a fifty day moving average price of $130.86 and a 200 day moving average price of $130.26. Vanguard High Dividend Yield ETF has a 12 month low of $114.37 and a 12 month high of $135.10.

Vanguard High Dividend Yield ETF Cuts Dividend

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

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.