Wellspring Financial Advisors LLC Increases Stock Position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Wellspring Financial Advisors LLC increased its position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 29.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,968,984 shares of the company’s stock after buying an additional 672,757 shares during the period. Vanguard High Dividend Yield ETF comprises approximately 6.5% of Wellspring Financial Advisors LLC’s holdings, making the stock its 5th largest position. Wellspring Financial Advisors LLC owned 0.66% of Vanguard High Dividend Yield ETF worth $378,813,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of Vanguard High Dividend Yield ETF by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 2,164,681 shares of the company’s stock worth $277,512,000 after acquiring an additional 9,363 shares during the period. World Investment Advisors LLC boosted its stake in Vanguard High Dividend Yield ETF by 451.3% in the 3rd quarter. World Investment Advisors LLC now owns 22,939 shares of the company’s stock worth $2,941,000 after purchasing an additional 18,778 shares during the period. Proficio Capital Partners LLC purchased a new stake in Vanguard High Dividend Yield ETF during the 4th quarter valued at approximately $2,588,000. Bank of New York Mellon Corp raised its position in shares of Vanguard High Dividend Yield ETF by 1.3% during the fourth quarter. Bank of New York Mellon Corp now owns 114,629 shares of the company’s stock valued at $14,626,000 after buying an additional 1,496 shares during the last quarter. Finally, PKS Advisory Services LLC purchased a new position in shares of Vanguard High Dividend Yield ETF in the fourth quarter worth $242,000.

Vanguard High Dividend Yield ETF Stock Performance

VYM opened at $117.03 on Monday. The stock has a market capitalization of $53.84 billion, a price-to-earnings ratio of 18.76 and a beta of 0.79. The company has a fifty day moving average of $130.86 and a 200 day moving average of $130.31. Vanguard High Dividend Yield ETF has a fifty-two week low of $112.38 and a fifty-two week high of $135.10.

Vanguard High Dividend Yield ETF Cuts Dividend

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