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Fractional shares make it easier for individuals with limited capital to invest in a wider range of stocks, including those with high share prices. If a stock is priced at $200 per share, and you invest $50, you would own 0.25 of a share (a fractional share). You can invest a specific dollar amount, rather than being limited to buying whole shares. Many brokerage firms and investment platforms now offer fractional share trading, including Fidelity, Schwab, Robinhood, TD Ameritrade, and others.
VYM refers to the Vanguard High Dividend Yield Index Fund ETF, a popular exchange-traded fund (ETF) that focuses on companies with high dividend yields. VYM holds a diverse portfolio of dividend-paying stocks, with its top holdings including companies like Broadcom Inc., JPMorgan Chase & Co., and Exxon Mobil Corp. VYM aims to track the performance of the FTSE High Dividend Yield Index, which measures the investment return of common stocks from companies characterized by high dividend yields