Summit Financial LLC Has $8.44 Million Stock Holdings in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Summit Financial LLC increased its stake in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,138 shares of the company’s stock after buying an additional 621 shares during the period. Summit Financial LLC’s holdings in Vanguard High Dividend Yield ETF were worth $8,439,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. FSB Premier Wealth Management Inc. lifted its position in shares of Vanguard High Dividend Yield ETF by 14.1% during the fourth quarter. FSB Premier Wealth Management Inc. now owns 2,606 shares of the company’s stock worth $332,000 after purchasing an additional 322 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Vanguard High Dividend Yield ETF by 11.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 31,264 shares of the company’s stock worth $3,989,000 after buying an additional 3,121 shares in the last quarter. Prevail Innovative Wealth Advisors LLC bought a new position in Vanguard High Dividend Yield ETF in the 4th quarter valued at $570,000. Walled Lake Planning & Wealth Management LLC increased its stake in shares of Vanguard High Dividend Yield ETF by 1.3% in the 4th quarter. Walled Lake Planning & Wealth Management LLC now owns 55,745 shares of the company’s stock valued at $7,113,000 after buying an additional 713 shares during the period. Finally, Joseph Group Capital Management raised its position in shares of Vanguard High Dividend Yield ETF by 2.3% during the fourth quarter. Joseph Group Capital Management now owns 15,784 shares of the company’s stock worth $2,014,000 after acquiring an additional 359 shares during the last quarter.

Vanguard High Dividend Yield ETF Stock Down 1.0 %

Shares of VYM opened at $127.55 on Monday. The stock’s fifty day simple moving average is $131.55 and its 200-day simple moving average is $130.33. The firm has a market capitalization 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.

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 paid a $0.85 dividend. The ex-dividend date 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.