Root Financial Partners LLC lessened its stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM – Free Report) by 69.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,604 shares of the company’s stock after selling 8,172 shares during the period. Root Financial Partners LLC’s holdings in Vanguard High Dividend Yield ETF were worth $559,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its position in Vanguard High Dividend Yield ETF by 1.8% during the first quarter. Bank of America Corp DE now owns 12,758,401 shares of the company’s stock worth $1,889,519,000 after acquiring an additional 229,521 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Vanguard High Dividend Yield ETF by 4.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,613,813 shares of the company’s stock worth $571,091,000 after buying an additional 162,084 shares during the period. Cetera Investment Advisers increased its position in Vanguard High Dividend Yield ETF by 2.1% during the 1st quarter. Cetera Investment Advisers now owns 2,699,936 shares of the company’s stock valued at $399,861,000 after purchasing an additional 54,785 shares during the period. Janney Montgomery Scott LLC raised its stake in Vanguard High Dividend Yield ETF by 1.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,949,873 shares of the company’s stock worth $288,776,000 after buying an additional 36,434 shares during the period. Finally, HighTower Advisors LLC raised its holdings in shares of Vanguard High Dividend Yield ETF by 0.8% in the second quarter. HighTower Advisors LLC now owns 1,466,544 shares of the company’s stock valued at $231,758,000 after purchasing an additional 11,354 shares during the last quarter.
Vanguard High Dividend Yield ETF Trading Down 0.7%
Shares of VYM stock traded down $1.10 during trading on Friday, reaching $161.50. 864,177 shares of the company’s stock traded hands, compared to its average volume of 1,359,603. The firm’s 50-day moving average is $161.04 and its 200 day moving average is $159.48. Vanguard High Dividend Yield ETF has a 1 year low of $138.35 and a 1 year high of $167.61. The company has a market capitalization of $82.20 billion, a P/E ratio of 17.79 and a beta of 0.73.
About Vanguard High Dividend Yield ETF
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.
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