First Foundation Advisors Has $407,000 Stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

First Foundation Advisors reduced its stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 3.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,193 shares of the company’s stock after selling 118 shares during the period. First Foundation Advisors’ holdings in Vanguard High Dividend Yield ETF were worth $407,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Vanguard High Dividend Yield ETF during the fourth quarter worth $921,398,000. JPMorgan Chase & Co. raised its holdings in 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. Wellspring Financial Advisors LLC grew its stake in shares of Vanguard High Dividend Yield ETF by 29.3% in the fourth quarter. Wellspring Financial Advisors LLC now owns 2,968,984 shares of the company’s stock worth $378,813,000 after purchasing an additional 672,757 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Vanguard High Dividend Yield ETF during the 4th quarter worth about $77,577,000. Finally, Wells Fargo & Company MN grew its position in shares of Vanguard High Dividend Yield ETF by 9.9% in the 4th quarter. Wells Fargo & Company MN now owns 5,013,329 shares of the company’s stock valued at $639,651,000 after buying an additional 452,063 shares during the last quarter.

Vanguard High Dividend Yield ETF Price Performance

Shares of VYM opened at $119.17 on Friday. The business has a 50-day moving average of $129.19 and a 200-day moving average of $129.88. The company has a market capitalization of $54.82 billion, a price-to-earnings ratio of 18.76 and a beta of 0.79. Vanguard High Dividend Yield ETF has a 1 year low of $112.05 and a 1 year high of $135.10.

Vanguard High Dividend Yield ETF Cuts Dividend

The company also recently disclosed 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 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.