Sherman Wealth Management LLC Takes $7.68 Million Position in Vanguard High Dividend Yield ETF $VYM

Sherman Wealth Management LLC bought a new stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 53,528 shares of the company’s stock, valued at approximately $7,682,000. Vanguard High Dividend Yield ETF comprises 6.6% of Sherman Wealth Management LLC’s holdings, making the stock its 3rd biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Vanguard High Dividend Yield ETF during the third quarter worth $31,000. Grey Fox Wealth Advisors LLC acquired a new position in shares of Vanguard High Dividend Yield ETF during the 3rd quarter worth $39,000. Clayton Financial Group LLC purchased a new stake in shares of Vanguard High Dividend Yield ETF in the 3rd quarter worth about $41,000. Hemington Wealth Management purchased a new stake in shares of Vanguard High Dividend Yield ETF in the 3rd quarter worth about $42,000. Finally, Chilton Capital Management LLC grew its stake in Vanguard High Dividend Yield ETF by 72.3% in the 3rd quarter. Chilton Capital Management LLC now owns 305 shares of the company’s stock valued at $43,000 after acquiring an additional 128 shares during the last quarter.

Vanguard High Dividend Yield ETF Price Performance

Shares of NYSEARCA VYM opened at $145.70 on Monday. The firm’s 50-day moving average is $151.30 and its two-hundred day moving average is $145.70. The company has a market capitalization of $70.02 billion, a PE ratio of 17.79 and a beta of 0.79. Vanguard High Dividend Yield ETF has a 12-month low of $112.05 and a 12-month high of $157.29.

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.