Focus Financial Network Inc. Cuts Position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Focus Financial Network Inc. lessened its stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 221,409 shares of the company’s stock after selling 11,410 shares during the quarter. Vanguard High Dividend Yield ETF comprises about 1.1% of Focus Financial Network Inc.’s holdings, making the stock its 12th largest holding. Focus Financial Network Inc.’s holdings in Vanguard High Dividend Yield ETF were worth $28,250,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in Vanguard High Dividend Yield ETF by 0.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,164,681 shares of the company’s stock valued at $277,512,000 after purchasing an additional 9,363 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of Vanguard High Dividend Yield ETF by 1.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,163,842 shares of the company’s stock valued at $277,405,000 after acquiring an additional 36,239 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Vanguard High Dividend Yield ETF by 6.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,889,775 shares of the company’s stock valued at $242,269,000 after buying an additional 121,099 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Vanguard High Dividend Yield ETF by 1.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,804,471 shares of the company’s stock worth $230,233,000 after acquiring an additional 19,071 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. increased its position in Vanguard High Dividend Yield ETF by 101.2% during the third quarter. Mesirow Financial Investment Management Inc. now owns 1,097,218 shares of the company’s stock worth $140,664,000 after buying an additional 552,003 shares during the last quarter.

Vanguard High Dividend Yield ETF Stock Performance

Shares of NYSEARCA:VYM opened at $133.04 on Tuesday. Vanguard High Dividend Yield ETF has a 52-week low of $111.31 and a 52-week high of $135.07. The company has a market cap of $60.24 billion, a P/E ratio of 15.88 and a beta of 0.70. The stock’s 50-day moving average is $130.43 and its 200-day moving average is $128.42.

Vanguard High Dividend Yield ETF Company 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.