Beta Wealth Group Inc. Trims Stock Holdings in Vanguard International High Dividend Yield ETF (NASDAQ:VYMI)

Beta Wealth Group Inc. lowered its holdings in Vanguard International High Dividend Yield ETF (NASDAQ:VYMI) by 23.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,211 shares of the company’s stock after selling 13,051 shares during the period. Vanguard International High Dividend Yield ETF makes up about 1.5% of Beta Wealth Group Inc.’s holdings, making the stock its 24th biggest position. Beta Wealth Group Inc.’s holdings in Vanguard International High Dividend Yield ETF were worth $2,807,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of VYMI. Morgan Stanley lifted its position in shares of Vanguard International High Dividend Yield ETF by 2.2% during the third quarter. Morgan Stanley now owns 4,381,182 shares of the company’s stock worth $271,151,000 after acquiring an additional 95,433 shares in the last quarter. Orgel Wealth Management LLC lifted its stake in shares of Vanguard International High Dividend Yield ETF by 5.5% in the 4th quarter. Orgel Wealth Management LLC now owns 2,328,717 shares of the company’s stock valued at $154,836,000 after acquiring an additional 120,629 shares during the last quarter. MCIA Inc boosted its holdings in Vanguard International High Dividend Yield ETF by 3.8% during the 4th quarter. MCIA Inc now owns 1,179,448 shares of the company’s stock valued at $78,587,000 after acquiring an additional 43,479 shares during the period. Ameriprise Financial Inc. grew its position in Vanguard International High Dividend Yield ETF by 19.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,103,507 shares of the company’s stock worth $68,330,000 after acquiring an additional 182,300 shares during the last quarter. Finally, LPL Financial LLC increased its stake in Vanguard International High Dividend Yield ETF by 10.6% in the 3rd quarter. LPL Financial LLC now owns 1,062,827 shares of the company’s stock worth $65,778,000 after purchasing an additional 101,945 shares during the period.

Vanguard International High Dividend Yield ETF Trading Up 0.8 %

VYMI stock traded up $0.55 during midday trading on Friday, hitting $70.78. The company had a trading volume of 172,897 shares, compared to its average volume of 386,363. The stock has a market cap of $7.59 billion, a price-to-earnings ratio of 9.68 and a beta of 0.81. Vanguard International High Dividend Yield ETF has a 52 week low of $59.20 and a 52 week high of $71.82. The stock’s 50 day moving average price is $68.90 and its 200 day moving average price is $66.76.

Vanguard International High Dividend Yield ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 18th were issued a dividend of $0.616 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $2.46 dividend on an annualized basis and a yield of 3.48%.

Vanguard International High Dividend Yield ETF Profile

The Vanguard International High Dividend Yield ETF (VYMI) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks a market-cap-weighted index of developed and emerging market firms (ex-US) that are expected to pay above average dividends over the next 12 months. VYMI was launched on Feb 25, 2016 and is managed by Vanguard.