Flagstar Advisors Inc. Increases Stake in Vanguard High Dividend Yield ETF

In a significant enhancement of its investment portfolio, Flagstar Advisors Inc. has augmented its shares in the Vanguard High Dividend Yield ETF (VYM). With a 70.9% increase during the third quarter, this move indicates a bolstered vote of confidence in the ETF's performance. According to their 13F filings submitted to the Securities and Exchange Commission (SEC), Flagstar Advisors Inc. now holds a total of 18,109 shares, having purchased an additional 7,511 shares within the quarter.

Investment Actions by Other Funds and Investors

The trend of increasing stakes in VYM is not unique to Flagstar Advisors Inc. During the same period, Aurora Private Wealth Inc. enhanced their share by 23%, now owning 2,742 shares. Koshinski Asset Management Inc. saw a 6.8% uplift in their investment, adding 941 shares to their portfolio. Hubbell Strickland Wealth Management LLC and Liberty Capital Management Inc. also joined the trend with increases of 10.7% and 99.9%, respectively. Additionally, Marion Wealth Management initiated a new position with an investment approximating $531,000.

Performance Metrics of Vanguard High Dividend Yield ETF

The performance of the Vanguard High Dividend Yield ETF has been robust with shares trading up $0.79, reaching $111.74. Presenting a market capitalization of $51.33 billion, VYM operates with a price-to-earnings ratio of 13.80 and a beta of 0.84. Investors also follow the 50-day and 200-day moving averages of $105.33 and $105.99, respectively, to assess performance trends. VYM has ranged between a 12-month low of $98.40 and a high of $112.36.

About Vanguard High Dividend Yield ETF

The Vanguard High Dividend Yield ETF aligns its investment strategy with the FTSE Custom High Dividend Yield index, targeting US companies known for their high dividend payouts. The index is market-cap weighted and excludes real estate investment trusts (REITS). With VYM's inception in 2006, Vanguard has been managing the fund with a focus on delivering value to investors through dividend income.

Investment, Increase, ETF