Breakwater Investment Management Has $5.39 Million Position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Breakwater Investment Management increased its stake in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 12.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 42,253 shares of the company’s stock after acquiring an additional 4,689 shares during the quarter. Vanguard High Dividend Yield ETF comprises about 2.3% of Breakwater Investment Management’s holdings, making the stock its 10th largest position. Breakwater Investment Management’s holdings in Vanguard High Dividend Yield ETF were worth $5,391,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in shares of Vanguard High Dividend Yield ETF by 0.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,164,681 shares of the company’s stock valued at $277,512,000 after buying an additional 9,363 shares during the period. World Investment Advisors LLC increased its position in Vanguard High Dividend Yield ETF by 451.3% in the third quarter. World Investment Advisors LLC now owns 22,939 shares of the company’s stock worth $2,941,000 after purchasing an additional 18,778 shares during the period. Semmax Financial Advisors Inc. raised its holdings in Vanguard High Dividend Yield ETF by 3.2% during the 3rd quarter. Semmax Financial Advisors Inc. now owns 37,266 shares of the company’s stock worth $4,910,000 after purchasing an additional 1,171 shares during the last quarter. Silver Lake Advisory LLC acquired a new position in Vanguard High Dividend Yield ETF during the 2nd quarter valued at about $251,000. Finally, Heritage Wealth Management Inc. bought a new position in shares of Vanguard High Dividend Yield ETF in the 2nd quarter valued at about $298,000.

Vanguard High Dividend Yield ETF Price Performance

VYM opened at $131.69 on Tuesday. The firm has a 50 day simple moving average of $130.47 and a 200 day simple moving average of $127.24. Vanguard High Dividend Yield ETF has a fifty-two week low of $109.47 and a fifty-two week high of $135.07. The company has a market cap of $59.63 billion, a price-to-earnings ratio of 15.88 and a beta of 0.70.

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.