Sovereign Financial Group Inc. Makes New $469,000 Investment in Vanguard International High Dividend Yield ETF (NASDAQ:VYMI)

Sovereign Financial Group Inc. bought a new stake in shares of Vanguard International High Dividend Yield ETF (NASDAQ:VYMI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,057 shares of the company’s stock, valued at approximately $469,000.

A number of other hedge funds have also recently modified their holdings of the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Vanguard International High Dividend Yield ETF during the 4th quarter valued at $270,000. Wealthcare Advisory Partners LLC grew its holdings in shares of Vanguard International High Dividend Yield ETF by 5.8% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 54,923 shares of the company’s stock worth $3,652,000 after purchasing an additional 3,031 shares during the last quarter. TCG Advisory Services LLC bought a new position in shares of Vanguard International High Dividend Yield ETF in the fourth quarter worth about $5,601,000. Vestmark Advisory Solutions Inc. increased its stake in Vanguard International High Dividend Yield ETF by 9.1% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 73,510 shares of the company’s stock worth $4,888,000 after buying an additional 6,113 shares during the period. Finally, Sapient Capital LLC bought a new stake in Vanguard International High Dividend Yield ETF during the 4th quarter valued at about $679,000.

Vanguard International High Dividend Yield ETF Stock Performance

Vanguard International High Dividend Yield ETF stock traded up $0.05 during trading hours on Tuesday, hitting $69.72. The company had a trading volume of 286,642 shares, compared to its average volume of 400,688. The firm has a market cap of $7.48 billion, a P/E ratio of 9.68 and a beta of 0.81. The company has a 50-day moving average price of $68.16 and a two-hundred day moving average price of $65.82. Vanguard International High Dividend Yield ETF has a 1 year low of $59.20 and a 1 year high of $69.89.

Vanguard International High Dividend Yield ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 18th were paid a $0.616 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $2.46 annualized dividend and a yield of 3.53%.

About Vanguard International High Dividend Yield ETF

The Vanguard International High Dividend Yield ETF (VYMI) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks a market-cap-weighted index of developed and emerging market firms (ex-US) that are expected to pay above average dividends over the next 12 months. VYMI was launched on Feb 25, 2016 and is managed by Vanguard.