Pinnacle Financial Partners Inc increased its stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM – Free Report) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,547 shares of the company’s stock after acquiring an additional 5,341 shares during the period. Pinnacle Financial Partners Inc’s holdings in Vanguard High Dividend Yield ETF were worth $15,636,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in VYM. FSA Wealth Management LLC bought a new stake in Vanguard High Dividend Yield ETF during the third quarter worth approximately $26,000. Valley Wealth Managers Inc. raised its holdings 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 purchasing an additional 192 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in Vanguard High Dividend Yield ETF during the fourth quarter worth approximately $39,000. Wingate Wealth Advisors Inc. bought a new stake in Vanguard High Dividend Yield ETF during the fourth quarter worth approximately $39,000. Finally, Highline Wealth Partners LLC bought a new stake in Vanguard High Dividend Yield ETF during the third quarter worth approximately $45,000.
Vanguard High Dividend Yield ETF Price Performance
Shares of NYSEARCA:VYM opened at $133.32 on Friday. Vanguard High Dividend Yield ETF has a 12 month low of $114.37 and a 12 month high of $135.10. The stock has a market cap of $60.37 billion, a price-to-earnings ratio of 15.88 and a beta of 0.70. The stock’s 50 day moving average price is $130.76 and its 200 day moving average price is $129.14.
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.
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