Level Four Advisory Services LLC Has $3.89 Million Position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Level Four Advisory Services LLC decreased its holdings in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 21.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,488 shares of the company’s stock after selling 8,139 shares during the quarter. Level Four Advisory Services LLC’s holdings in Vanguard High Dividend Yield ETF were worth $3,890,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Vertex Planning Partners LLC boosted its stake in Vanguard High Dividend Yield ETF by 9.9% in the 4th quarter. Vertex Planning Partners LLC now owns 2,096 shares of the company’s stock valued at $267,000 after buying an additional 189 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of Vanguard High Dividend Yield ETF by 27.9% in the 4th quarter. Orion Portfolio Solutions LLC now owns 36,318 shares of the company’s stock valued at $4,634,000 after purchasing an additional 7,929 shares in the last quarter. Tepp RIA LLC bought a new stake in shares of Vanguard High Dividend Yield ETF in the 4th quarter worth about $14,344,000. Covington Investment Advisors Inc. increased its position in shares of Vanguard High Dividend Yield ETF by 3.2% during the 4th quarter. Covington Investment Advisors Inc. now owns 38,350 shares of the company’s stock worth $4,886,000 after purchasing an additional 1,179 shares in the last quarter. Finally, Hippocratic Financial Advisors LLC acquired a new stake in shares of Vanguard High Dividend Yield ETF during the 4th quarter worth about $16,193,000.

Vanguard High Dividend Yield ETF Stock Down 1.0 %

NYSEARCA:VYM opened at $127.55 on Friday. The firm has a market cap of $58.65 billion, a PE ratio of 18.95 and a beta of 0.83. Vanguard High Dividend Yield ETF has a 12 month low of $114.37 and a 12 month high of $135.10. The company’s 50-day moving average price is $131.55 and its two-hundred day moving average price is $130.24.

Vanguard High Dividend Yield ETF Cuts Dividend

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