Horizon Investment Services LLC Raises Stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Horizon Investment Services LLC grew its stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 4.6% in the fourth quarter, Holdings Channel reports. The fund owned 5,786 shares of the company’s stock after purchasing an additional 254 shares during the period. Horizon Investment Services LLC’s holdings in Vanguard High Dividend Yield ETF were worth $738,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. FSA Wealth Management LLC purchased a new position in Vanguard High Dividend Yield ETF during the third quarter worth about $26,000. Valley Wealth Managers Inc. raised its position in shares of Vanguard High Dividend Yield ETF by 314.8% during the 4th quarter. Valley Wealth Managers Inc. now owns 253 shares of the company’s stock valued at $32,000 after buying an additional 192 shares during the period. Runnymede Capital Advisors Inc. purchased a new stake in shares of Vanguard High Dividend Yield ETF during the 4th quarter valued at approximately $34,000. Decker Retirement Planning Inc. acquired a new position in Vanguard High Dividend Yield ETF in the fourth quarter valued at approximately $39,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in Vanguard High Dividend Yield ETF in the fourth quarter worth approximately $39,000.

Vanguard High Dividend Yield ETF Stock Down 1.0 %

NYSEARCA:VYM opened at $127.55 on Friday. Vanguard High Dividend Yield ETF has a 52 week low of $114.37 and a 52 week high of $135.10. The stock’s fifty day moving average is $131.55 and its two-hundred day moving average is $130.24. The company has a market capitalization of $58.65 billion, a P/E 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 was paid on Tuesday, March 25th. Investors of record on Friday, March 21st were issued a $0.85 dividend. The ex-dividend date of this dividend was 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.