Axxcess Wealth Management LLC Increases Holdings in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Axxcess Wealth Management LLC increased its stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 13.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,222 shares of the company’s stock after purchasing an additional 269 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Vanguard High Dividend Yield ETF were worth $285,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Cetera Investment Advisers increased its stake in Vanguard High Dividend Yield ETF by 579.6% in the 1st quarter. Cetera Investment Advisers now owns 1,588,902 shares of the company’s stock worth $192,241,000 after acquiring an additional 1,355,103 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its stake in Vanguard High Dividend Yield ETF by 101.2% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 1,097,218 shares of the company’s stock worth $140,664,000 after acquiring an additional 552,003 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in Vanguard High Dividend Yield ETF by 6,282.8% in the 2nd quarter. Strategic Financial Concepts LLC now owns 365,925 shares of the company’s stock worth $43,399,000 after acquiring an additional 360,192 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Vanguard High Dividend Yield ETF in the 2nd quarter worth about $27,104,000. Finally, LPL Financial LLC boosted its holdings in shares of Vanguard High Dividend Yield ETF by 4.6% in the 2nd quarter. LPL Financial LLC now owns 5,223,678 shares of the company’s stock worth $619,528,000 after purchasing an additional 228,580 shares in the last quarter.

Vanguard High Dividend Yield ETF Trading Down 0.5 %

VYM opened at $131.13 on Friday. The stock has a 50-day moving average price of $128.46 and a 200-day moving average price of $123.46. Vanguard High Dividend Yield ETF has a 12-month low of $104.23 and a 12-month high of $133.45. The stock has a market capitalization of $59.37 billion, a P/E 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.