Independent Wealth Network Inc. Increases Stock Holdings in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Independent Wealth Network Inc. increased its holdings in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 1.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 18,136 shares of the company’s stock after acquiring an additional 209 shares during the period. Vanguard High Dividend Yield ETF comprises 0.9% of Independent Wealth Network Inc.’s portfolio, making the stock its 26th biggest position. Independent Wealth Network Inc.’s holdings in Vanguard High Dividend Yield ETF were worth $2,314,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of VYM. Janney Montgomery Scott LLC raised its position in Vanguard High Dividend Yield ETF by 1.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,804,471 shares of the company’s stock valued at $230,233,000 after purchasing an additional 19,071 shares in the last quarter. Lake Hills Wealth Management LLC raised its position in Vanguard High Dividend Yield ETF by 3.3% during the 4th quarter. Lake Hills Wealth Management LLC now owns 16,828 shares of the company’s stock valued at $2,147,000 after purchasing an additional 532 shares in the last quarter. Westside Investment Management Inc. raised its position in Vanguard High Dividend Yield ETF by 0.6% during the 4th quarter. Westside Investment Management Inc. now owns 138,149 shares of the company’s stock valued at $17,626,000 after purchasing an additional 892 shares in the last quarter. Magnus Financial Group LLC raised its position in Vanguard High Dividend Yield ETF by 19.9% during the 4th quarter. Magnus Financial Group LLC now owns 10,063 shares of the company’s stock valued at $1,284,000 after purchasing an additional 1,669 shares in the last quarter. Finally, Investment Advisory Group LLC raised its position in Vanguard High Dividend Yield ETF by 1.6% during the 4th quarter. Investment Advisory Group LLC now owns 154,503 shares of the company’s stock valued at $19,713,000 after purchasing an additional 2,410 shares in the last quarter.

Vanguard High Dividend Yield ETF Trading Down 0.7 %

VYM opened at $132.01 on Thursday. Vanguard High Dividend Yield ETF has a 12 month low of $111.31 and a 12 month high of $135.07. The stock has a fifty day moving average price of $130.47 and a 200-day moving average price of $127.43. The firm has a market cap of $59.77 billion, a price-to-earnings ratio of 15.88 and a beta of 0.70.

About Vanguard High Dividend Yield ETF

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.