Congress Wealth Management LLC DE Purchases 5,662 Shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Congress Wealth Management LLC DE lifted its position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 382,199 shares of the company’s stock after buying an additional 5,662 shares during the period. Congress Wealth Management LLC DE owned about 0.08% of Vanguard High Dividend Yield ETF worth $48,765,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in Vanguard High Dividend Yield ETF in the fourth quarter valued at approximately $921,398,000. LPL Financial LLC raised its holdings in shares of Vanguard High Dividend Yield ETF by 4.5% during the fourth quarter. LPL Financial LLC now owns 5,643,230 shares of the company’s stock worth $720,020,000 after acquiring an additional 243,681 shares during the period. Commonwealth Equity Services LLC lifted its position in Vanguard High Dividend Yield ETF by 8.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,343,545 shares of the company’s stock valued at $299,013,000 after acquiring an additional 179,703 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Vanguard High Dividend Yield ETF by 0.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,164,681 shares of the company’s stock worth $277,512,000 after purchasing an additional 9,363 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in Vanguard High Dividend Yield ETF by 6.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,889,775 shares of the company’s stock worth $242,269,000 after purchasing an additional 121,099 shares in the last quarter.

Vanguard High Dividend Yield ETF Price Performance

VYM opened at $128.40 on Monday. The company has a market capitalization of $59.04 billion, a price-to-earnings ratio of 18.95 and a beta of 0.83. The business’s 50-day moving average price is $131.61 and its two-hundred day moving average price is $130.16. Vanguard High Dividend Yield ETF has a 1 year low of $114.37 and a 1 year high of $135.10.

Vanguard High Dividend Yield ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Friday, March 21st will be paid a $0.85 dividend. The ex-dividend date is 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.