IFP Advisors Inc Boosts Stock Holdings in Vanguard High Dividend Yield ETF $VYM

IFP Advisors Inc grew its stake in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 11.7% during the third quarter, Holdings Channel reports. The institutional investor owned 165,737 shares of the company’s stock after purchasing an additional 17,323 shares during the quarter. Vanguard High Dividend Yield ETF comprises 0.6% of IFP Advisors Inc’s portfolio, making the stock its 23rd biggest holding. IFP Advisors Inc’s holdings in Vanguard High Dividend Yield ETF were worth $23,363,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of VYM. Gallagher Fiduciary Advisors LLC grew its position in Vanguard High Dividend Yield ETF by 12,273.0% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 7,981,687 shares of the company’s stock worth $1,064,039,000 after acquiring an additional 7,917,178 shares during the last quarter. Raymond James Financial Inc. lifted its position in Vanguard High Dividend Yield ETF by 2.4% in the second quarter. Raymond James Financial Inc. now owns 7,491,066 shares of the company’s stock valued at $998,634,000 after purchasing an additional 178,904 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Vanguard High Dividend Yield ETF by 1.6% during the third quarter. Ameriprise Financial Inc. now owns 4,019,262 shares of the company’s stock valued at $566,458,000 after purchasing an additional 64,127 shares during the period. Wellspring Financial Advisors LLC boosted its stake in shares of Vanguard High Dividend Yield ETF by 0.6% during the second quarter. Wellspring Financial Advisors LLC now owns 2,787,908 shares of the company’s stock valued at $371,656,000 after purchasing an additional 15,677 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Vanguard High Dividend Yield ETF by 13.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,683,539 shares of the company’s stock worth $357,743,000 after purchasing an additional 314,494 shares during the last quarter.

Vanguard High Dividend Yield ETF Stock Down 1.4%

Shares of NYSEARCA VYM opened at $147.51 on Thursday. Vanguard High Dividend Yield ETF has a 52 week low of $112.05 and a 52 week high of $157.29. The firm’s fifty day moving average is $151.44 and its 200 day moving average is $145.29. The company has a market cap of $70.89 billion, a price-to-earnings 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.