Envestnet Asset Management Inc. Decreases Stock Position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Envestnet Asset Management Inc. reduced its position in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 3.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,854,657 shares of the company’s stock after selling 173,455 shares during the quarter. Envestnet Asset Management Inc. owned about 1.07% of Vanguard High Dividend Yield ETF worth $619,406,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Valley Wealth Managers Inc. increased its stake in Vanguard High Dividend Yield ETF by 314.8% during the fourth quarter. Valley Wealth Managers Inc. now owns 253 shares of the company’s stock worth $32,000 after acquiring an additional 192 shares during the last quarter. Runnymede Capital Advisors Inc. bought a new stake in Vanguard High Dividend Yield ETF in the fourth quarter worth $34,000. Decker Retirement Planning Inc. purchased a new position in Vanguard High Dividend Yield ETF during the fourth quarter worth $39,000. Wingate Wealth Advisors Inc. bought a new position in Vanguard High Dividend Yield ETF during the fourth quarter valued at $39,000. Finally, Pillar Financial Advisors LLC purchased a new stake in shares of Vanguard High Dividend Yield ETF in the fourth quarter valued at $41,000.

Vanguard High Dividend Yield ETF Trading Down 5.7 %

Vanguard High Dividend Yield ETF stock opened at $117.03 on Friday. The firm has a market capitalization of $53.84 billion, a PE ratio of 18.76 and a beta of 0.79. Vanguard High Dividend Yield ETF has a 12-month low of $114.37 and a 12-month high of $135.10. The firm has a 50-day moving average price of $130.86 and a 200-day moving average price of $130.26.

Vanguard High Dividend Yield ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 21st were given a dividend of $0.85 per share. The ex-dividend date of this dividend was Friday, March 21st.

Vanguard High Dividend Yield ETF Company 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.