Smith Moore & CO. Boosts Holdings in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Smith Moore & CO. increased its position in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,373 shares of the company’s stock after buying an additional 198 shares during the quarter. Smith Moore & CO.’s holdings in Vanguard High Dividend Yield ETF were worth $1,324,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Vanguard High Dividend Yield ETF in the 4th quarter valued at $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 buying an additional 243,681 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Vanguard High Dividend Yield ETF by 152.1% during the fourth quarter. JPMorgan Chase & Co. now owns 5,457,629 shares of the company’s stock worth $696,339,000 after buying an additional 3,292,948 shares during the period. Commonwealth Equity Services LLC increased its position in shares of Vanguard High Dividend Yield ETF by 8.3% during the fourth 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 during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Vanguard High Dividend Yield ETF by 1.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,804,471 shares of the company’s stock valued at $230,233,000 after acquiring an additional 19,071 shares during the period.

Vanguard High Dividend Yield ETF Stock Performance

Shares of VYM stock opened at $117.03 on Friday. The firm has a market cap of $53.84 billion, a P/E ratio of 18.76 and a beta of 0.79. The firm’s 50 day moving average price is $130.86 and its 200-day moving average price is $130.26. Vanguard High Dividend Yield ETF has a one year low of $114.37 and a one year high of $135.10.

Vanguard High Dividend Yield ETF Cuts Dividend

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

Vanguard High Dividend Yield ETF Company Profile

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.