Rakuten Investment Management Inc. Takes $199.32 Million Position in Vanguard High Dividend Yield ETF $VYM

Rakuten Investment Management Inc. purchased a new stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,418,554 shares of the company’s stock, valued at approximately $199,321,000. Vanguard High Dividend Yield ETF accounts for approximately 0.6% of Rakuten Investment Management Inc.’s investment portfolio, making the stock its 12th biggest position. Rakuten Investment Management Inc. owned 0.30% of Vanguard High Dividend Yield ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. McAdam LLC lifted its stake in Vanguard High Dividend Yield ETF by 2.0% during the third quarter. McAdam LLC now owns 3,692 shares of the company’s stock valued at $520,000 after buying an additional 71 shares in the last quarter. CWA Asset Management Group LLC raised its holdings in shares of Vanguard High Dividend Yield ETF by 2.4% during the third quarter. CWA Asset Management Group LLC now owns 3,155 shares of the company’s stock valued at $445,000 after acquiring an additional 74 shares during the period. Sachetta LLC lifted its position in shares of Vanguard High Dividend Yield ETF by 6.6% in the 3rd quarter. Sachetta LLC now owns 1,220 shares of the company’s stock valued at $172,000 after acquiring an additional 76 shares in the last quarter. Retirement Planning Group LLC NY boosted its stake in Vanguard High Dividend Yield ETF by 4.2% in the 2nd quarter. Retirement Planning Group LLC NY now owns 1,949 shares of the company’s stock worth $260,000 after purchasing an additional 78 shares during the period. Finally, Prudent Man Advisors LLC boosted its stake in Vanguard High Dividend Yield ETF by 0.4% in the 2nd quarter. Prudent Man Advisors LLC now owns 20,065 shares of the company’s stock worth $2,675,000 after purchasing an additional 80 shares during the period.

Vanguard High Dividend Yield ETF Stock Down 1.5%

Shares of NYSEARCA:VYM opened at $146.57 on Wednesday. The company’s fifty day moving average is $144.56 and its two-hundred day moving average is $140.68. Vanguard High Dividend Yield ETF has a 12-month low of $112.05 and a 12-month high of $149.18. The company has a market cap of $70.44 billion, a P/E ratio of 17.79 and a beta of 0.79.

Vanguard High Dividend Yield ETF Profile

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.