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

Meridian Wealth Management LLC acquired a new position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) in the third quarter, HoldingsChannel reports. The firm acquired 22,638 shares of the company’s stock, valued at approximately $2,902,000.

A number of other hedge funds have also recently made changes to their positions in VYM. LPL Financial LLC raised its holdings in Vanguard High Dividend Yield ETF by 4.6% during the 2nd quarter. LPL Financial LLC now owns 5,223,678 shares of the company’s stock valued at $619,528,000 after buying an additional 228,580 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Vanguard High Dividend Yield ETF by 1.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,000,642 shares of the company’s stock valued at $593,076,000 after buying an additional 59,826 shares during the last quarter. Vanguard Group Inc. raised its holdings in Vanguard High Dividend Yield ETF by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 3,246,447 shares of the company’s stock valued at $392,788,000 after buying an additional 16,021 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in Vanguard High Dividend Yield ETF by 7.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 2,226,818 shares of the company’s stock valued at $247,649,000 after buying an additional 153,146 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in 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 buying an additional 36,239 shares during the last quarter.

Vanguard High Dividend Yield ETF Stock Up 0.9 %

NYSEARCA:VYM opened at $133.63 on Friday. The company has a fifty day moving average of $129.44 and a 200 day moving average of $124.12. Vanguard High Dividend Yield ETF has a 52 week low of $105.37 and a 52 week high of $133.74. The firm has a market capitalization of $60.51 billion, a P/E ratio of 15.88 and a beta of 0.70.

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.