Meridian Wealth Management LLC Invests $2.90 Million in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Meridian Wealth Management LLC bought a new position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 22,638 shares of the company’s stock, valued at approximately $2,902,000.

Other hedge funds also recently bought and sold shares of the company. Chris Bulman Inc purchased a new position in Vanguard High Dividend Yield ETF during the second quarter valued at approximately $26,000. Cultivar Capital Inc. purchased a new position in Vanguard High Dividend Yield ETF during the second quarter valued at approximately $36,000. Highline Wealth Partners LLC purchased a new position in Vanguard High Dividend Yield ETF during the third quarter valued at approximately $45,000. Clean Yield Group purchased a new position in Vanguard High Dividend Yield ETF during the first quarter valued at approximately $44,000. Finally, Ridgewood Investments LLC purchased a new position in Vanguard High Dividend Yield ETF during the second quarter valued at approximately $49,000.

Vanguard High Dividend Yield ETF Trading Up 0.9 %

Shares of NYSEARCA:VYM opened at $133.63 on Friday. Vanguard High Dividend Yield ETF has a 12 month low of $105.37 and a 12 month high of $133.74. The stock has a market cap of $60.51 billion, a P/E ratio of 15.88 and a beta of 0.70. The company has a 50 day moving average of $129.44 and a 200 day moving average of $124.12.

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.