Stonebridge Financial Group LLC Invests $654,000 in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Stonebridge Financial Group LLC purchased a new stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 5,125 shares of the company’s stock, valued at approximately $654,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VYM. JPMorgan Chase & Co. boosted its position in Vanguard High Dividend Yield ETF by 0.4% during the third quarter. JPMorgan Chase & Co. now owns 2,164,681 shares of the company’s stock worth $277,512,000 after purchasing an additional 9,363 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Vanguard High Dividend Yield ETF by 1.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,163,842 shares of the company’s stock worth $277,405,000 after buying an additional 36,239 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Vanguard High Dividend Yield ETF by 6.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,889,775 shares of the company’s stock worth $242,269,000 after buying an additional 121,099 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Vanguard High Dividend Yield ETF by 1.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,804,471 shares of the company’s stock worth $230,233,000 after buying an additional 19,071 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. grew its stake in Vanguard High Dividend Yield ETF by 101.2% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 1,097,218 shares of the company’s stock valued at $140,664,000 after acquiring an additional 552,003 shares during the last quarter.

Vanguard High Dividend Yield ETF Trading Up 0.6 %

NYSEARCA:VYM opened at $133.81 on Wednesday. Vanguard High Dividend Yield ETF has a twelve month low of $111.31 and a twelve month high of $135.07. The company has a market capitalization of $60.59 billion, a P/E ratio of 15.88 and a beta of 0.70. The firm has a 50-day moving average price of $130.41 and a two-hundred day moving average price of $128.50.

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.