Miracle Mile Advisors LLC Buys 3,520 Shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Miracle Mile Advisors LLC raised its stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 3.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 116,063 shares of the company’s stock after buying an additional 3,520 shares during the period. Miracle Mile Advisors LLC’s holdings in Vanguard High Dividend Yield ETF were worth $14,968,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in VYM. Raymond James Financial Inc. bought a new stake in shares of Vanguard High Dividend Yield ETF in the 4th quarter valued at about $921,398,000. JPMorgan Chase & Co. grew its position in shares of Vanguard High Dividend Yield ETF by 152.1% in the 4th quarter. JPMorgan Chase & Co. now owns 5,457,629 shares of the company’s stock valued at $696,339,000 after buying an additional 3,292,948 shares during the last quarter. Bank of America Corp DE grew its position in shares of Vanguard High Dividend Yield ETF by 21.3% in the 4th quarter. Bank of America Corp DE now owns 13,740,556 shares of the company’s stock valued at $1,753,157,000 after buying an additional 2,409,649 shares during the last quarter. Wellspring Financial Advisors LLC grew its position in shares of Vanguard High Dividend Yield ETF by 29.3% in the 4th quarter. Wellspring Financial Advisors LLC now owns 2,968,984 shares of the company’s stock valued at $378,813,000 after buying an additional 672,757 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Vanguard High Dividend Yield ETF in the 4th quarter valued at about $77,577,000.

Vanguard High Dividend Yield ETF Trading Up 0.7%

NYSEARCA VYM opened at $130.44 on Friday. The business’s 50-day moving average price is $124.87 and its two-hundred day moving average price is $128.83. Vanguard High Dividend Yield ETF has a 12 month low of $112.05 and a 12 month high of $135.10. The firm has a market capitalization of $59.53 billion, a PE ratio of 18.75 and a beta of 0.79.

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.