Raymond James Financial Inc. Invests $921.40 Million in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Raymond James Financial Inc. purchased a new position in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,221,557 shares of the company’s stock, valued at approximately $921,398,000. Raymond James Financial Inc. owned 1.59% of Vanguard High Dividend Yield ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. FSA Wealth Management LLC acquired a new position in shares of Vanguard High Dividend Yield ETF during the 3rd quarter worth $26,000. Valley Wealth Managers Inc. grew its stake in shares of 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 worth $32,000 after purchasing an additional 192 shares during the period. Decker Retirement Planning Inc. acquired a new position in shares of Vanguard High Dividend Yield ETF during the 4th quarter worth $39,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Vanguard High Dividend Yield ETF during the 4th quarter worth $39,000. Finally, Heck Capital Advisors LLC acquired a new stake in Vanguard High Dividend Yield ETF in the 4th quarter valued at about $45,000.

Vanguard High Dividend Yield ETF Trading Up 0.6 %

Shares of NYSEARCA VYM opened at $130.77 on Thursday. The stock has a market cap of $60.01 billion, a price-to-earnings ratio of 19.65 and a beta of 0.85. Vanguard High Dividend Yield ETF has a 52 week low of $114.37 and a 52 week high of $135.10. The company’s 50-day moving average price is $131.35 and its 200 day moving average price is $129.85.

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.