Brown Brothers Harriman & Co. Trims Stock Position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Brown Brothers Harriman & Co. decreased its holdings in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,020 shares of the company’s stock after selling 1,012 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Vanguard High Dividend Yield ETF were worth $4,341,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. FSA Wealth Management LLC acquired a new position in shares of Vanguard High Dividend Yield ETF in the 3rd quarter valued at $26,000. Valley Wealth Managers Inc. boosted its holdings in Vanguard High Dividend Yield ETF by 314.8% in the fourth quarter. Valley Wealth Managers Inc. now owns 253 shares of the company’s stock valued at $32,000 after acquiring an additional 192 shares during the last quarter. Runnymede Capital Advisors Inc. purchased a new stake in Vanguard High Dividend Yield ETF during the fourth quarter valued at about $34,000. Decker Retirement Planning Inc. acquired a new stake in Vanguard High Dividend Yield ETF during the fourth quarter worth about $39,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of Vanguard High Dividend Yield ETF in the 4th quarter worth about $39,000.

Vanguard High Dividend Yield ETF Stock Down 1.0 %

Shares of VYM stock opened at $127.55 on Friday. Vanguard High Dividend Yield ETF has a fifty-two week low of $114.37 and a fifty-two week high of $135.10. The firm’s 50 day moving average price is $131.55 and its two-hundred day moving average price is $130.29. The stock has a market cap of $58.65 billion, a price-to-earnings ratio of 18.95 and a beta of 0.83.

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 issued a $0.85 dividend. The ex-dividend date of this dividend 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.