Zhang Financial LLC Expands Holdings in Vanguard High Dividend Yield ETF

Zhang Financial LLC has increased its investment in Vanguard High Dividend Yield ETF (VYM), purchasing an additional 16,530 shares during the third quarter. This acquisition marks a 9.6% growth from their previous position, bringing their total ownership to 188,155 shares. With a significant $19,428,000 value assigned to these holdings in their latest SEC filing, VYM now represents a key 2% of Zhang Financial's overall investment portfolio and stands as its 14th largest holding.

Investment Shifts Among Hedge Funds

Changes in VYM investments have been observed across various hedge funds. Moneta Group Investment Advisors LLC saw a colossal increment of 110,970.8%, now owning 394,835,570 shares. Similarly, Sumitomo Life Insurance Co. and Meiji Yasuda Life Insurance Co. have also initiated stakes in VYM valued at over a billion and a hundred million dollars, respectively. Morgan Stanley has increased its share by 10.1%, whereas Bank of Montreal Can has opened a new position during the same period. Such movements highlight the ETF's appeal among institutional investors.

Performance Overview of VYM

The Vanguard High Dividend Yield ETF has exhibited steady trading, with an opening share price of $110.48 on Tuesday. The ETF tracks the market trends with a fifty-day moving average of $104.55 and a two-hundred-day moving average of $105.77. VYM boasts a market capitalization of $50.76 billion, a PE ratio of 13.80, and a beta of 0.84, reflecting its relatively stable investment profile. Over the past year, the ETF has ranged between a low of $98.40 and a high of $112.36.

About Vanguard High Dividend Yield ETF

The Vanguard High Dividend Yield ETF is an exchange-traded fund aiming to replicate the performance of the FTSE High Dividend Yield Index, which focuses on high-dividend-paying U.S. companies, excluding real estate investment trusts (REITs), and weights them based on market capitalization. Launched on November 10, 2006, and managed by Vanguard, VYM has become a popular choice for investors seeking regular income through dividends.

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