112,423 Shares in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Bought by Tepp RIA LLC

Tepp RIA LLC purchased a new stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 112,423 shares of the company’s stock, valued at approximately $14,344,000. Vanguard High Dividend Yield ETF accounts for about 21.2% of Tepp RIA LLC’s investment portfolio, making the stock its 2nd largest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Covington Investment Advisors Inc. raised its position in shares of Vanguard High Dividend Yield ETF by 3.2% during the fourth quarter. Covington Investment Advisors Inc. now owns 38,350 shares of the company’s stock valued at $4,886,000 after buying an additional 1,179 shares during the last quarter. Hippocratic Financial Advisors LLC bought a new position in Vanguard High Dividend Yield ETF during the fourth quarter valued at about $16,193,000. Blair William & Co. IL raised its holdings in Vanguard High Dividend Yield ETF by 2.7% in the 4th quarter. Blair William & Co. IL now owns 147,155 shares of the company’s stock valued at $18,775,000 after acquiring an additional 3,899 shares in the last quarter. Howe & Rusling Inc. lifted its position in shares of Vanguard High Dividend Yield ETF by 14.6% in the 4th quarter. Howe & Rusling Inc. now owns 74,931 shares of the company’s stock worth $9,560,000 after acquiring an additional 9,549 shares during the period. Finally, AssuredPartners Investment Advisors LLC acquired a new stake in shares of Vanguard High Dividend Yield ETF during the 4th quarter worth approximately $2,095,000.

Vanguard High Dividend Yield ETF Trading Down 0.3 %

VYM opened at $128.87 on Friday. The stock has a market cap of $59.25 billion, a PE ratio of 18.95 and a beta of 0.83. Vanguard High Dividend Yield ETF has a 1 year low of $114.37 and a 1 year high of $135.10. The stock’s 50 day simple moving average is $131.63 and its 200-day simple moving average is $130.22.

Vanguard High Dividend Yield ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 21st were paid a $0.85 dividend. 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.