Redmont Wealth Advisors LLC Makes New Investment in Vanguard High Dividend Yield ETF $VYM

Redmont Wealth Advisors LLC purchased a new position in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,529 shares of the company’s stock, valued at approximately $497,000.

Other large investors also recently made changes to their positions in the company. Gallagher Fiduciary Advisors LLC grew its holdings in Vanguard High Dividend Yield ETF by 12,273.0% in 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 purchasing an additional 7,917,178 shares during the period. Vantagepoint Investment Advisers LLC acquired a new position in shares of Vanguard High Dividend Yield ETF in the 3rd quarter valued at about $316,679,000. Rakuten Investment Management Inc. purchased a new stake in shares of Vanguard High Dividend Yield ETF during the 3rd quarter worth about $199,321,000. Cornerstone Planning Group LLC raised its holdings in Vanguard High Dividend Yield ETF by 57,021.7% in the third quarter. Cornerstone Planning Group LLC now owns 526,662 shares of the company’s stock valued at $74,233,000 after buying an additional 525,740 shares during the period. Finally, Auto Owners Insurance Co increased its position in shares of Vanguard High Dividend Yield ETF by 125.2% in the second quarter. Auto Owners Insurance Co now owns 724,200 shares of the company’s stock worth $96,543,000 after acquiring an additional 402,667 shares in the last quarter.

Vanguard High Dividend Yield ETF Trading Up 0.3%

NYSEARCA:VYM opened at $155.60 on Thursday. The firm’s fifty day simple moving average is $148.49 and its 200 day simple moving average is $143.15. Vanguard High Dividend Yield ETF has a twelve month low of $112.05 and a twelve month high of $157.29. The firm has a market capitalization of $74.78 billion, a price-to-earnings ratio of 17.79 and a beta of 0.79.

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.