MAI Capital Management Increases Stake in Vanguard High Dividend Yield ETF $VYM

MAI Capital Management grew its stake in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 15.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 72,608 shares of the company’s stock after purchasing an additional 9,736 shares during the quarter. MAI Capital Management’s holdings in Vanguard High Dividend Yield ETF were worth $10,234,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Gallagher Fiduciary Advisors LLC grew its stake in Vanguard High Dividend Yield ETF by 12,273.0% during the second quarter. Gallagher Fiduciary Advisors LLC now owns 7,981,687 shares of the company’s stock valued at $1,064,039,000 after acquiring an additional 7,917,178 shares in the last quarter. Vantagepoint Investment Advisers LLC purchased a new stake in Vanguard High Dividend Yield ETF in the 3rd quarter worth $316,679,000. Rakuten Investment Management Inc. bought a new position in shares of Vanguard High Dividend Yield ETF during the 3rd quarter valued at about $199,321,000. Cornerstone Planning Group LLC grew its position in shares of Vanguard High Dividend Yield ETF by 57,021.7% during the third quarter. Cornerstone Planning Group LLC now owns 526,662 shares of the company’s stock valued at $74,233,000 after purchasing an additional 525,740 shares in the last quarter. Finally, Auto Owners Insurance Co grew its position in shares of Vanguard High Dividend Yield ETF by 125.2% during the second quarter. Auto Owners Insurance Co now owns 724,200 shares of the company’s stock valued at $96,543,000 after purchasing an additional 402,667 shares in the last quarter.

Vanguard High Dividend Yield ETF Trading Up 0.2%

Shares of VYM stock opened at $155.03 on Thursday. The stock has a market capitalization of $74.51 billion, a price-to-earnings ratio of 17.79 and a beta of 0.79. Vanguard High Dividend Yield ETF has a 12-month low of $112.05 and a 12-month high of $157.29. The stock’s 50-day moving average price is $149.42 and its 200-day moving average price is $143.86.

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.