Keudell Morrison Wealth Management Makes New $10.69 Million Investment in Vanguard High Dividend Yield ETF $VYM

Keudell Morrison Wealth Management bought a new position in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 74,511 shares of the company’s stock, valued at approximately $10,694,000. Vanguard High Dividend Yield ETF accounts for 2.2% of Keudell Morrison Wealth Management’s portfolio, making the stock its 10th largest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Raymond James Financial Inc. grew its stake in shares of Vanguard High Dividend Yield ETF by 2.4% in the 2nd quarter. Raymond James Financial Inc. now owns 7,491,066 shares of the company’s stock worth $998,634,000 after buying an additional 178,904 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Vanguard High Dividend Yield ETF by 1.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,019,262 shares of the company’s stock valued at $566,458,000 after buying an additional 64,127 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Vanguard High Dividend Yield ETF by 6.3% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 2,646,199 shares of the company’s stock valued at $372,979,000 after buying an additional 157,950 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Vanguard High Dividend Yield ETF by 9.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,343,326 shares of the company’s stock valued at $329,904,000 after buying an additional 200,130 shares during the period. Finally, Vantagepoint Investment Advisers LLC raised its holdings in Vanguard High Dividend Yield ETF by 3.0% in the 4th quarter. Vantagepoint Investment Advisers LLC now owns 2,314,911 shares of the company’s stock worth $332,236,000 after purchasing an additional 68,167 shares during the period.

Vanguard High Dividend Yield ETF Stock Performance

Shares of Vanguard High Dividend Yield ETF stock opened at $157.25 on Friday. Vanguard High Dividend Yield ETF has a one year low of $126.00 and a one year high of $157.63. The stock’s fifty day moving average is $152.18 and its 200 day moving average is $149.06. The stock has a market cap of $77.12 billion, a P/E ratio of 17.79 and a beta of 0.73.

Vanguard High Dividend Yield ETF Profile

Vanguard High Dividend Yield ETF (NYSEARCA: VYM) is an exchange-traded fund designed to track the performance of the FTSE High Dividend Yield Index. The fund seeks to provide exposure to U.S. companies that are forecast to pay above-average dividends, offering investors a diversified way to access income-generating equities.

The ETF primarily invests in large-cap U.S. stocks across a range of sectors, with holdings selected for their dividend characteristics rather than active stock-picking.