First Hawaiian Bank Cuts Stock Position in Vanguard International High Dividend Yield ETF (NASDAQ:VYMI)

First Hawaiian Bank lessened its holdings in shares of Vanguard International High Dividend Yield ETF (NASDAQ:VYMI) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 410,173 shares of the company’s stock after selling 17,508 shares during the period. Vanguard International High Dividend Yield ETF makes up about 0.9% of First Hawaiian Bank’s portfolio, making the stock its 12th biggest holding. First Hawaiian Bank’s holdings in Vanguard International High Dividend Yield ETF were worth $27,843,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Abound Wealth Management lifted its holdings in shares of Vanguard International High Dividend Yield ETF by 2,684.6% in the 2nd quarter. Abound Wealth Management now owns 362 shares of the company’s stock valued at $25,000 after buying an additional 349 shares during the period. Eastern Bank purchased a new stake in Vanguard International High Dividend Yield ETF in the 3rd quarter worth approximately $29,000. Blue Trust Inc. purchased a new stake in Vanguard International High Dividend Yield ETF during the third quarter worth $44,000. Kimelman & Baird LLC purchased a new position in Vanguard International High Dividend Yield ETF in the second quarter valued at $48,000. Finally, National Bank of Canada FI raised its position in shares of Vanguard International High Dividend Yield ETF by 154.7% in the second quarter. National Bank of Canada FI now owns 917 shares of the company’s stock worth $63,000 after acquiring an additional 557 shares during the period.

Vanguard International High Dividend Yield ETF Price Performance

VYMI stock traded down $0.10 during mid-day trading on Wednesday, reaching $68.26. 569,739 shares of the company’s stock were exchanged, compared to its average volume of 449,627. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 9.68 and a beta of 0.81. Vanguard International High Dividend Yield ETF has a 12-month low of $64.09 and a 12-month high of $74.28. The stock’s 50 day moving average is $69.71 and its 200 day moving average is $70.52.

Vanguard International High Dividend Yield ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Friday, December 20th were issued a dividend of $0.9647 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $3.86 dividend on an annualized basis and a dividend yield of 5.65%. This is a boost from Vanguard International High Dividend Yield ETF’s previous quarterly dividend of $0.70.

About Vanguard International High Dividend Yield ETF

The Vanguard International High Dividend Yield ETF (VYMI) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks a market-cap-weighted index of developed and emerging market firms (ex-US) that are expected to pay above average dividends over the next 12 months. VYMI was launched on Feb 25, 2016 and is managed by Vanguard.