Baker Avenue Asset Management LP Makes New Investment in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Baker Avenue Asset Management LP bought a new stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,258 shares of the company’s stock, valued at approximately $418,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VYM. QRG Capital Management Inc. lifted its stake in Vanguard High Dividend Yield ETF by 67.2% in the 2nd quarter. QRG Capital Management Inc. now owns 11,733 shares of the company’s stock worth $1,392,000 after purchasing an additional 4,714 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Vanguard High Dividend Yield ETF by 13.1% during the 1st quarter. Janus Henderson Group PLC now owns 43,857 shares of the company’s stock valued at $5,306,000 after purchasing an additional 5,068 shares in the last quarter. Burke & Herbert Bank & Trust Co. boosted its stake in shares of Vanguard High Dividend Yield ETF by 6.7% during the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 19,342 shares of the company’s stock valued at $2,294,000 after purchasing an additional 1,212 shares in the last quarter. Sei Investments Co. boosted its stake in Vanguard High Dividend Yield ETF by 29.5% during the first quarter. Sei Investments Co. now owns 219,016 shares of the company’s stock worth $26,499,000 after acquiring an additional 49,945 shares in the last quarter. Finally, Financial Perspectives Inc boosted its stake in Vanguard High Dividend Yield ETF by 0.5% during the second quarter. Financial Perspectives Inc now owns 134,440 shares of the company’s stock worth $15,945,000 after acquiring an additional 705 shares in the last quarter.

Vanguard High Dividend Yield ETF Stock Performance

Shares of NYSEARCA VYM opened at $132.80 on Tuesday. The firm’s 50 day moving average price is $128.11 and its 200-day moving average price is $123.19. Vanguard High Dividend Yield ETF has a 52-week low of $102.21 and a 52-week high of $133.45. The company has a market cap of $60.13 billion, a PE 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.