Bay Capital Advisors LLC Invests $5.40 Million in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Bay Capital Advisors LLC bought a new stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 42,319 shares of the company’s stock, valued at approximately $5,399,000. Vanguard High Dividend Yield ETF comprises about 4.3% of Bay Capital Advisors LLC’s holdings, making the stock its 5th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Citigroup Inc. raised its stake in Vanguard High Dividend Yield ETF by 13.1% during the 3rd quarter. Citigroup Inc. now owns 116,959 shares of the company’s stock valued at $14,994,000 after purchasing an additional 13,545 shares during the last quarter. Summit Trail Advisors LLC increased its holdings in shares of Vanguard High Dividend Yield ETF by 2.2% during the 3rd quarter. Summit Trail Advisors LLC now owns 5,409 shares of the company’s stock worth $693,000 after purchasing an additional 115 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Vanguard High Dividend Yield ETF by 6.8% during the third quarter. Daiwa Securities Group Inc. now owns 4,270 shares of the company’s stock valued at $547,000 after buying an additional 270 shares during the last quarter. Alliance Wealth Management Group bought a new stake in shares of Vanguard High Dividend Yield ETF in the third quarter valued at about $286,000. Finally, Brown Brothers Harriman & Co. grew its position in Vanguard High Dividend Yield ETF by 379.9% during the third quarter. Brown Brothers Harriman & Co. now owns 35,032 shares of the company’s stock worth $4,491,000 after buying an additional 27,732 shares in the last quarter.

Vanguard High Dividend Yield ETF Stock Up 1.0 %

Shares of VYM opened at $129.74 on Tuesday. The stock’s 50-day moving average price is $131.66 and its 200 day moving average price is $130.20. Vanguard High Dividend Yield ETF has a 12-month low of $114.37 and a 12-month high of $135.10. The firm has a market capitalization of $59.65 billion, a price-to-earnings ratio of 18.95 and a beta of 0.83.

Vanguard High Dividend Yield ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.85 per share. The ex-dividend date is Friday, March 21st.

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.