Charis Legacy Partners LLC Invests $627,000 in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Charis Legacy Partners LLC purchased a new stake in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) in the 4th quarter, Holdings Channel reports. The fund purchased 4,912 shares of the company’s stock, valued at approximately $627,000. Vanguard High Dividend Yield ETF accounts for about 1.3% of Charis Legacy Partners LLC’s holdings, making the stock its 15th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Vanguard High Dividend Yield ETF in the 4th quarter valued at $921,398,000. LPL Financial LLC raised its position in shares of Vanguard High Dividend Yield ETF by 4.5% in the fourth quarter. LPL Financial LLC now owns 5,643,230 shares of the company’s stock valued at $720,020,000 after purchasing an additional 243,681 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Vanguard High Dividend Yield ETF by 152.1% during the fourth quarter. JPMorgan Chase & Co. now owns 5,457,629 shares of the company’s stock worth $696,339,000 after acquiring an additional 3,292,948 shares during the period. Wells Fargo & Company MN boosted its stake in 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 purchasing an additional 452,063 shares during the period. Finally, Wellspring Financial Advisors LLC increased its position in Vanguard High Dividend Yield ETF by 29.3% during the fourth quarter. Wellspring Financial Advisors LLC now owns 2,968,984 shares of the company’s stock worth $378,813,000 after acquiring an additional 672,757 shares during the period.

Vanguard High Dividend Yield ETF Trading Up 1.6 %

NYSEARCA VYM opened at $121.02 on Monday. The company has a market cap of $55.67 billion, a price-to-earnings ratio of 18.76 and a beta of 0.79. The company has a 50 day moving average of $128.97 and a 200-day moving average of $129.86. 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 business also recently declared a dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 21st were paid a $0.85 dividend. The ex-dividend date 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.