Precedent Wealth Partners LLC Boosts Holdings in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Precedent Wealth Partners LLC increased its holdings in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 47.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,340 shares of the company’s stock after buying an additional 5,614 shares during the quarter. Precedent Wealth Partners LLC’s holdings in Vanguard High Dividend Yield ETF were worth $2,236,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VYM. Valley Wealth Managers Inc. boosted its holdings in shares of Vanguard High Dividend Yield ETF by 314.8% in the fourth quarter. Valley Wealth Managers Inc. now owns 253 shares of the company’s stock worth $32,000 after buying an additional 192 shares during the last quarter. Runnymede Capital Advisors Inc. purchased a new position in Vanguard High Dividend Yield ETF during the fourth quarter valued at approximately $34,000. Pillar Financial Advisors LLC purchased a new position in Vanguard High Dividend Yield ETF during the fourth quarter valued at approximately $41,000. Heck Capital Advisors LLC purchased a new position in Vanguard High Dividend Yield ETF during the fourth quarter valued at approximately $45,000. Finally, Centricity Wealth Management LLC purchased a new position in Vanguard High Dividend Yield ETF during the fourth quarter valued at approximately $48,000.

Vanguard High Dividend Yield ETF Price Performance

Shares of NYSEARCA:VYM opened at $130.54 on Monday. Vanguard High Dividend Yield ETF has a 1-year low of $112.05 and a 1-year high of $135.10. The company has a market capitalization of $59.58 billion, a P/E ratio of 18.75 and a beta of 0.79. The firm’s 50 day simple moving average is $125.94 and its two-hundred day simple moving average is $128.69.

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.