FLP Wealth Management LLC Increases Stake in Vanguard High Dividend Yield ETF $VYM

FLP Wealth Management LLC boosted its holdings in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 359.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,463 shares of the company’s stock after buying an additional 5,840 shares during the quarter. Vanguard High Dividend Yield ETF accounts for 1.1% of FLP Wealth Management LLC’s investment portfolio, making the stock its 14th largest position. FLP Wealth Management LLC’s holdings in Vanguard High Dividend Yield ETF were worth $1,071,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dorato Capital Management purchased a new stake in shares of Vanguard High Dividend Yield ETF during the fourth quarter worth $30,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Vanguard High Dividend Yield ETF in the third quarter valued at $31,000. Grey Fox Wealth Advisors LLC purchased a new position in Vanguard High Dividend Yield ETF in the third quarter valued at $39,000. Clayton Financial Group LLC acquired a new position in Vanguard High Dividend Yield ETF during the 3rd quarter worth $41,000. Finally, Hemington Wealth Management acquired a new position in Vanguard High Dividend Yield ETF during the 3rd quarter worth $42,000.

Vanguard High Dividend Yield ETF Price Performance

Shares of NYSEARCA VYM opened at $148.11 on Friday. The company has a market cap of $71.18 billion, a price-to-earnings ratio of 17.79 and a beta of 0.79. The stock’s 50-day moving average is $151.26 and its two-hundred day moving average is $145.85. Vanguard High Dividend Yield ETF has a 1-year low of $112.05 and a 1-year high of $157.29.

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.