Madison Park Capital Advisors LLC Invests $407,000 in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Madison Park Capital Advisors LLC bought a new position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) during the fourth quarter, Holdings Channel.com reports. The firm bought 3,642 shares of the company’s stock, valued at approximately $407,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sumitomo Life Insurance Co. lifted its stake in Vanguard High Dividend Yield ETF by 81.5% in the third quarter. Sumitomo Life Insurance Co. now owns 18,483,322 shares of the company’s stock valued at $1,966,803,000 after purchasing an additional 8,298,820 shares during the last quarter. LPL Financial LLC lifted its stake in Vanguard High Dividend Yield ETF by 6.1% in the third quarter. LPL Financial LLC now owns 5,152,205 shares of the company’s stock valued at $532,326,000 after purchasing an additional 298,137 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Vanguard High Dividend Yield ETF by 2.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 4,059,220 shares of the company’s stock valued at $453,131,000 after purchasing an additional 115,272 shares during the last quarter. UBS Group AG lifted its position in shares of Vanguard High Dividend Yield ETF by 4.7% during the third quarter. UBS Group AG now owns 3,248,365 shares of the company’s stock worth $335,621,000 after acquiring an additional 145,946 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Vanguard High Dividend Yield ETF during the fourth quarter worth $254,023,000.

Vanguard High Dividend Yield ETF Price Performance

Shares of NYSEARCA:VYM traded up $0.74 during trading on Tuesday, hitting $117.69. 751,864 shares of the company were exchanged, compared to its average volume of 1,139,648. The company has a market cap of $53.29 billion, a PE ratio of 15.82 and a beta of 0.73. The stock has a 50 day moving average of $117.14 and a 200 day moving average of $111.10. Vanguard High Dividend Yield ETF has a 52-week low of $98.40 and a 52-week high of $121.29.

Vanguard High Dividend Yield ETF Company 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.