RiverFront Investment Group LLC Makes New $217,000 Investment in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

RiverFront Investment Group LLC purchased a new stake in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,700 shares of the company’s stock, valued at approximately $217,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Daiwa Securities Group Inc. grew its stake in shares of Vanguard High Dividend Yield ETF by 6.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 4,270 shares of the company’s stock valued at $547,000 after purchasing an additional 270 shares during the period. FMR LLC raised its position in Vanguard High Dividend Yield ETF by 12.4% in the third quarter. FMR LLC now owns 201,446 shares of the company’s stock worth $25,825,000 after acquiring an additional 22,272 shares during the period. Cynosure Group LLC purchased a new position in shares of Vanguard High Dividend Yield ETF during the 3rd quarter worth $318,000. Financial Counselors Inc. lifted its position in Vanguard High Dividend Yield ETF by 1.2% during the third quarter. Financial Counselors Inc. now owns 25,835 shares of the company’s stock valued at $3,312,000 after purchasing an additional 300 shares in the last quarter. Finally, Edgestream Partners L.P. grew its holdings in Vanguard High Dividend Yield ETF by 7.9% during the third quarter. Edgestream Partners L.P. now owns 2,142 shares of the company’s stock valued at $275,000 after purchasing an additional 157 shares during the period.

Vanguard High Dividend Yield ETF Trading Down 1.0 %

NYSEARCA VYM opened at $127.55 on Friday. The stock has a market cap of $58.65 billion, a price-to-earnings 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 is $131.55 and its two-hundred day moving average is $130.29.

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 given a $0.85 dividend. The ex-dividend date of this dividend was Friday, March 21st.

Vanguard High Dividend Yield ETF 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.