Sovereign Financial Group Inc. Invests $469,000 in Vanguard International High Dividend Yield ETF (NASDAQ:VYMI)

Sovereign Financial Group Inc. bought a new stake in Vanguard International High Dividend Yield ETF (NASDAQ:VYMI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,057 shares of the company’s stock, valued at approximately $469,000.

A number of other hedge funds have also recently added to or reduced their stakes in VYMI. Morgan Stanley raised its position in shares of Vanguard International High Dividend Yield ETF by 2.2% in the 3rd quarter. Morgan Stanley now owns 4,381,182 shares of the company’s stock worth $271,151,000 after buying an additional 95,433 shares during the period. Orgel Wealth Management LLC lifted its stake in shares of Vanguard International High Dividend Yield ETF by 5.5% in the 4th quarter. Orgel Wealth Management LLC now owns 2,328,717 shares of the company’s stock valued at $154,836,000 after purchasing an additional 120,629 shares in the last quarter. MCIA Inc grew its holdings in shares of Vanguard International High Dividend Yield ETF by 3.8% during the 4th quarter. MCIA Inc now owns 1,179,448 shares of the company’s stock worth $78,587,000 after purchasing an additional 43,479 shares during the period. Ameriprise Financial Inc. increased its position in Vanguard International High Dividend Yield ETF by 19.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,103,507 shares of the company’s stock worth $68,330,000 after purchasing an additional 182,300 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in Vanguard International High Dividend Yield ETF by 10.6% in the third quarter. LPL Financial LLC now owns 1,062,827 shares of the company’s stock valued at $65,778,000 after buying an additional 101,945 shares during the period.

Vanguard International High Dividend Yield ETF Trading Up 0.1 %

VYMI traded up $0.05 during trading on Tuesday, hitting $69.72. 286,642 shares of the company’s stock were exchanged, compared to its average volume of 400,688. The stock has a 50 day moving average price of $68.16 and a 200 day moving average price of $65.82. Vanguard International High Dividend Yield ETF has a 1 year low of $59.20 and a 1 year high of $69.89. The firm has a market cap of $7.48 billion, a P/E ratio of 9.68 and a beta of 0.81.

Vanguard International High Dividend Yield ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 18th were issued a $0.616 dividend. The ex-dividend date was Friday, March 15th. This represents a $2.46 annualized dividend and a yield of 3.53%.

Vanguard International High Dividend Yield ETF Profile

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.