Rakuten Investment Management Inc. Takes Position in Vanguard High Dividend Yield ETF $VYM

Rakuten Investment Management Inc. purchased a new position in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 1,418,554 shares of the company’s stock, valued at approximately $199,321,000. Vanguard High Dividend Yield ETF accounts for 0.6% of Rakuten Investment Management Inc.’s holdings, making the stock its 12th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gallagher Fiduciary Advisors LLC lifted its position in Vanguard High Dividend Yield ETF by 12,273.0% in the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 7,981,687 shares of the company’s stock worth $1,064,039,000 after buying an additional 7,917,178 shares in the last quarter. Auto Owners Insurance Co increased its stake in shares of Vanguard High Dividend Yield ETF by 125.2% in the second quarter. Auto Owners Insurance Co now owns 724,200 shares of the company’s stock worth $96,543,000 after acquiring an additional 402,667 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Vanguard High Dividend Yield ETF by 13.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,683,539 shares of the company’s stock worth $357,743,000 after acquiring an additional 314,494 shares during the last quarter. Quaker Wealth Management LLC raised its holdings in shares of Vanguard High Dividend Yield ETF by 258.8% during the second quarter. Quaker Wealth Management LLC now owns 167,307 shares of the company’s stock worth $22,304,000 after acquiring an additional 272,656 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its position in Vanguard High Dividend Yield ETF by 92.8% during the second quarter. Corient Private Wealth LLC now owns 459,022 shares of the company’s stock valued at $61,193,000 after purchasing an additional 220,928 shares during the last quarter.

Vanguard High Dividend Yield ETF Price Performance

Shares of NYSEARCA VYM opened at $146.57 on Wednesday. The business’s 50-day moving average price is $144.56 and its two-hundred day moving average price is $140.68. Vanguard High Dividend Yield ETF has a one year low of $112.05 and a one year high of $149.18. The company has a market capitalization of $70.44 billion, a P/E ratio of 17.79 and a beta of 0.79.

Vanguard High Dividend Yield ETF Company 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.