United Capital Financial Advisors LLC Cuts Stock Position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

United Capital Financial Advisors LLC trimmed its position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 79,673 shares of the company’s stock after selling 1,052 shares during the period. United Capital Financial Advisors LLC’s holdings in Vanguard High Dividend Yield ETF were worth $10,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of VYM. Raymond James Financial Inc. purchased a new stake in shares of Vanguard High Dividend Yield ETF in the fourth quarter valued at about $921,398,000. LPL Financial LLC lifted its position in Vanguard High Dividend Yield ETF by 4.5% in the fourth quarter. LPL Financial LLC now owns 5,643,230 shares of the company’s stock valued at $720,020,000 after purchasing an additional 243,681 shares during the period. JPMorgan Chase & Co. boosted its holdings in Vanguard High Dividend Yield ETF by 152.1% in the 4th quarter. JPMorgan Chase & Co. now owns 5,457,629 shares of the company’s stock valued at $696,339,000 after purchasing an additional 3,292,948 shares in the last quarter. Wells Fargo & Company MN increased its position in Vanguard High Dividend Yield ETF by 9.9% during the 4th quarter. Wells Fargo & Company MN now owns 5,013,329 shares of the company’s stock worth $639,651,000 after purchasing an additional 452,063 shares during the period. Finally, Wellspring Financial Advisors LLC raised its stake in shares of Vanguard High Dividend Yield ETF by 29.3% during the 4th quarter. Wellspring Financial Advisors LLC now owns 2,968,984 shares of the company’s stock worth $378,813,000 after buying an additional 672,757 shares in the last quarter.

Vanguard High Dividend Yield ETF Price Performance

VYM opened at $121.94 on Wednesday. Vanguard High Dividend Yield ETF has a 12 month low of $112.05 and a 12 month high of $135.10. The stock has a market capitalization of $56.09 billion, a P/E ratio of 18.76 and a beta of 0.79. The business has a 50 day simple moving average of $128.52 and a 200-day simple moving average of $129.77.

Vanguard High Dividend Yield ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, March 25th. Shareholders 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.