Merit Financial Group LLC Boosts Stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Merit Financial Group LLC increased its position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 1.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,049 shares of the company’s stock after purchasing an additional 131 shares during the period. Merit Financial Group LLC’s holdings in Vanguard High Dividend Yield ETF were worth $898,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Blackston Financial Advisory Group LLC bought a new stake in Vanguard High Dividend Yield ETF during the fourth quarter worth approximately $6,776,000. BKM Wealth Management LLC bought a new position in shares of Vanguard High Dividend Yield ETF during the fourth quarter valued at approximately $717,000. Highland Financial Advisors LLC grew its stake in shares of Vanguard High Dividend Yield ETF by 10.6% during the fourth quarter. Highland Financial Advisors LLC now owns 252,206 shares of the company’s stock valued at $28,154,000 after buying an additional 24,094 shares during the last quarter. Davidson Trust Co. grew its stake in shares of Vanguard High Dividend Yield ETF by 42.3% during the fourth quarter. Davidson Trust Co. now owns 26,472 shares of the company’s stock valued at $2,955,000 after buying an additional 7,867 shares during the last quarter. Finally, Stillwater Capital Advisors LLC grew its stake in shares of Vanguard High Dividend Yield ETF by 0.7% during the fourth quarter. Stillwater Capital Advisors LLC now owns 58,093 shares of the company’s stock valued at $6,485,000 after buying an additional 416 shares during the last quarter.

Vanguard High Dividend Yield ETF Stock Performance

VYM opened at $117.13 on Monday. The stock has a market cap of $53.04 billion, a price-to-earnings ratio of 15.88 and a beta of 0.70. The stock’s 50 day moving average price is $117.60 and its 200-day moving average price is $111.90. Vanguard High Dividend Yield ETF has a one year low of $98.40 and a one year high of $121.29.

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.