MAI Capital Management Boosts Stake in Vanguard High Dividend Yield ETF $VYM

MAI Capital Management boosted its stake in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 15.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,608 shares of the company’s stock after purchasing an additional 9,736 shares during the period. MAI Capital Management’s holdings in Vanguard High Dividend Yield ETF were worth $10,234,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Vanguard High Dividend Yield ETF during the 3rd quarter valued at approximately $31,000. Nvwm LLC purchased a new position in Vanguard High Dividend Yield ETF during the second quarter valued at approximately $35,000. Grey Fox Wealth Advisors LLC purchased a new position in Vanguard High Dividend Yield ETF during the third quarter valued at approximately $39,000. Clayton Financial Group LLC purchased a new stake in shares of Vanguard High Dividend Yield ETF in the third quarter worth $41,000. Finally, Hemington Wealth Management purchased a new stake in shares of Vanguard High Dividend Yield ETF in the third quarter worth $42,000.

Vanguard High Dividend Yield ETF Stock Performance

VYM opened at $155.03 on Thursday. The stock has a market cap of $74.51 billion, a price-to-earnings ratio of 17.79 and a beta of 0.79. The firm’s fifty day moving average is $149.42 and its 200 day moving average is $143.86. Vanguard High Dividend Yield ETF has a fifty-two week low of $112.05 and a fifty-two week high of $157.29.

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.