Independent Financial Group LLC Takes Position in Vanguard High Dividend Yield ETF $VYM

Independent Financial Group LLC acquired a new position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) in the 1st quarter, HoldingsChannel reports. The fund acquired 64,445 shares of the company’s stock, valued at approximately $9,544,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VYM. Quartz Partners LLC raised its stake in Vanguard High Dividend Yield ETF by 1.8% in the 1st quarter. Quartz Partners LLC now owns 7,055 shares of the company’s stock valued at $1,045,000 after acquiring an additional 124 shares during the period. Evergreen Advisors LLC bought a new position in Vanguard High Dividend Yield ETF during the first quarter worth about $102,000. Gallagher Capital Advisors LLC boosted its position in Vanguard High Dividend Yield ETF by 1.8% during the first quarter. Gallagher Capital Advisors LLC now owns 40,724 shares of the company’s stock worth $6,031,000 after purchasing an additional 717 shares during the period. Wealthfront Advisers LLC increased its stake in shares of Vanguard High Dividend Yield ETF by 31.8% in the first quarter. Wealthfront Advisers LLC now owns 21,689 shares of the company’s stock worth $3,212,000 after purchasing an additional 5,227 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in shares of Vanguard High Dividend Yield ETF by 4.7% in the first quarter. D.A. Davidson & CO. now owns 868,479 shares of the company’s stock worth $128,622,000 after purchasing an additional 39,369 shares in the last quarter.

Vanguard High Dividend Yield ETF Trading Up 0.5%

Shares of VYM stock opened at $160.85 on Friday. The stock has a market capitalization of $80.38 billion, a P/E ratio of 17.79 and a beta of 0.73. The firm’s 50 day moving average is $158.67 and its 200 day moving average is $153.64. Vanguard High Dividend Yield ETF has a 12 month low of $132.01 and a 12 month high of $161.67.

About Vanguard High Dividend Yield ETF

Vanguard High Dividend Yield ETF (NYSEARCA: VYM) is an exchange-traded fund designed to track the performance of the FTSE High Dividend Yield Index. The fund seeks to provide exposure to U.S. companies that are forecast to pay above-average dividends, offering investors a diversified way to access income-generating equities.

The ETF primarily invests in large-cap U.S. stocks across a range of sectors, with holdings selected for their dividend characteristics rather than active stock-picking.