Black Diamond Financial LLC Purchases 751 Shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Black Diamond Financial LLC boosted its holdings in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 26.6% in the second quarter, Holdings Channel reports. The institutional investor owned 3,577 shares of the company’s stock after buying an additional 751 shares during the period. Black Diamond Financial LLC’s holdings in Vanguard High Dividend Yield ETF were worth $424,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Sachetta LLC acquired a new position in shares of Vanguard High Dividend Yield ETF during the fourth quarter worth $26,000. Chris Bulman Inc bought a new position in Vanguard High Dividend Yield ETF during the 2nd quarter worth $26,000. Central Pacific Bank Trust Division bought a new position in Vanguard High Dividend Yield ETF during the 1st quarter worth $27,000. Cultivar Capital Inc. acquired a new position in Vanguard High Dividend Yield ETF during the 2nd quarter worth about $36,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Vanguard High Dividend Yield ETF in the 1st quarter valued at about $44,000.

Vanguard High Dividend Yield ETF Trading Up 0.9 %

Shares of VYM stock opened at $126.02 on Monday. Vanguard High Dividend Yield ETF has a 1-year low of $98.40 and a 1-year high of $127.50. The stock has a market cap of $57.06 billion, a price-to-earnings ratio of 15.88 and a beta of 0.70. The stock has a 50-day moving average of $123.05 and a 200-day moving average of $120.09.

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.