RiverFront Investment Group LLC Makes New Investment in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

RiverFront Investment Group LLC bought a new stake in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,700 shares of the company’s stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. FSA Wealth Management LLC purchased a new stake in shares of Vanguard High Dividend Yield ETF during the 3rd quarter valued at about $26,000. Valley Wealth Managers Inc. raised its holdings in Vanguard High Dividend Yield ETF by 314.8% during the 4th quarter. Valley Wealth Managers Inc. now owns 253 shares of the company’s stock valued at $32,000 after buying an additional 192 shares during the period. Runnymede Capital Advisors Inc. bought a new stake in Vanguard High Dividend Yield ETF in the fourth quarter worth $34,000. Decker Retirement Planning Inc. purchased a new position in Vanguard High Dividend Yield ETF during the fourth quarter worth $39,000. Finally, Wingate Wealth Advisors Inc. bought a new position in Vanguard High Dividend Yield ETF during the fourth quarter valued at $39,000.

Vanguard High Dividend Yield ETF Trading Down 1.0 %

Shares of VYM opened at $127.55 on Friday. Vanguard High Dividend Yield ETF has a twelve month low of $114.37 and a twelve month high of $135.10. The company’s fifty day simple moving average is $131.55 and its 200-day simple moving average is $130.29. The company has a market cap of $58.65 billion, a P/E ratio of 18.95 and a beta of 0.83.

Vanguard High Dividend Yield ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 21st were paid a $0.85 dividend. The ex-dividend date 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.