Envestnet Asset Management Inc. Sells 173,455 Shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Envestnet Asset Management Inc. reduced its stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,854,657 shares of the company’s stock after selling 173,455 shares during the period. Envestnet Asset Management Inc.’s holdings in Vanguard High Dividend Yield ETF were worth $619,406,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. bought a new position in Vanguard High Dividend Yield ETF in the fourth quarter worth approximately $921,398,000. JPMorgan Chase & Co. lifted its holdings 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 worth $696,339,000 after buying an additional 3,292,948 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Vanguard High Dividend Yield ETF during the 4th quarter worth $77,577,000. Wells Fargo & Company MN increased its stake in shares of Vanguard High Dividend Yield ETF by 9.9% during the fourth 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 period. Finally, Bell Bank raised its holdings in shares of Vanguard High Dividend Yield ETF by 169.0% in the fourth quarter. Bell Bank now owns 696,473 shares of the company’s stock valued at $88,863,000 after acquiring an additional 437,527 shares in the last quarter.

Vanguard High Dividend Yield ETF Price Performance

NYSEARCA:VYM opened at $117.03 on Friday. The firm has a market cap of $53.84 billion, a PE ratio of 18.76 and a beta of 0.79. The company has a 50-day moving average of $130.86 and a 200 day moving average of $130.26. Vanguard High Dividend Yield ETF has a 1-year low of $114.37 and a 1-year high of $135.10.

Vanguard High Dividend Yield ETF Cuts Dividend

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

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.