Rappaport Reiches Capital Management LLC Takes Position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Rappaport Reiches Capital Management LLC purchased a new stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) during the first quarter, Holdings Channel.com reports. The firm purchased 1,554 shares of the company’s stock, valued at approximately $200,000.

A number of other institutional investors and hedge funds have also made changes to their positions in VYM. Raymond James Financial Inc. purchased a new position in Vanguard High Dividend Yield ETF during the 4th quarter worth $921,398,000. JPMorgan Chase & Co. grew its stake in Vanguard High Dividend Yield ETF by 152.1% during 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 last quarter. Bank of America Corp DE grew its stake in Vanguard High Dividend Yield ETF by 21.3% during the 4th quarter. Bank of America Corp DE now owns 13,740,556 shares of the company’s stock worth $1,753,157,000 after buying an additional 2,409,649 shares during the last quarter. Wellspring Financial Advisors LLC grew its stake in Vanguard High Dividend Yield ETF by 29.3% during the 4th quarter. Wellspring Financial Advisors LLC now owns 2,968,984 shares of the company’s stock worth $378,813,000 after buying an additional 672,757 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Vanguard High Dividend Yield ETF during the 4th quarter worth $77,577,000.

Vanguard High Dividend Yield ETF Price Performance

Shares of VYM stock opened at $129.62 on Friday. Vanguard High Dividend Yield ETF has a 1-year low of $112.05 and a 1-year high of $135.10. The stock’s fifty day moving average price is $126.97 and its 200 day moving average price is $128.60. The company has a market cap of $59.16 billion, a price-to-earnings ratio of 18.75 and a beta of 0.79.

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.