Vanguard High Dividend Yield ETF $VYM Shares Acquired by Summit Financial LLC

Summit Financial LLC increased its stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 9.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 123,301 shares of the company’s stock after acquiring an additional 10,896 shares during the quarter. Summit Financial LLC’s holdings in Vanguard High Dividend Yield ETF were worth $17,696,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of VYM. BNP Paribas Financial Markets grew its holdings in shares of Vanguard High Dividend Yield ETF by 17,493.6% in the 4th quarter. BNP Paribas Financial Markets now owns 700,928 shares of the company’s stock worth $100,597,000 after acquiring an additional 696,944 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Vanguard High Dividend Yield ETF by 493.0% in the 3rd quarter. Wellington Management Group LLP now owns 596,737 shares of the company’s stock worth $84,110,000 after acquiring an additional 496,110 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Vanguard High Dividend Yield ETF by 846.2% in the 3rd quarter. AQR Capital Management LLC now owns 401,576 shares of the company’s stock worth $56,602,000 after acquiring an additional 359,136 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Vanguard High Dividend Yield ETF by 5.3% in the 4th quarter. LPL Financial LLC now owns 6,820,119 shares of the company’s stock worth $978,823,000 after acquiring an additional 345,129 shares during the last quarter. Finally, Axxcess Wealth Management LLC grew its holdings in shares of Vanguard High Dividend Yield ETF by 3,723.9% in the 4th quarter. Axxcess Wealth Management LLC now owns 296,771 shares of the company’s stock worth $42,592,000 after acquiring an additional 289,010 shares during the last quarter.

Vanguard High Dividend Yield ETF Stock Up 0.8%

Shares of NYSEARCA VYM opened at $160.33 on Friday. The stock has a market capitalization of $78.64 billion, a price-to-earnings ratio of 17.79 and a beta of 0.73. The stock’s fifty day simple moving average is $155.81 and its 200 day simple moving average is $151.10. Vanguard High Dividend Yield ETF has a 52-week low of $129.11 and a 52-week high of $161.29.

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.