Sovereign Financial Group Inc. trimmed its holdings in Vanguard High Dividend Yield ETF (NYSEARCA:VYM – Free Report) by 6.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 32,248 shares of the company’s stock after selling 2,264 shares during the quarter. Vanguard High Dividend Yield ETF comprises about 1.1% of Sovereign Financial Group Inc.’s portfolio, making the stock its 20th biggest holding. Sovereign Financial Group Inc.’s holdings in Vanguard High Dividend Yield ETF were worth $3,600,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in VYM. ADE LLC boosted its stake in Vanguard High Dividend Yield ETF by 1.7% during the 4th quarter. ADE LLC now owns 5,347 shares of the company’s stock valued at $597,000 after purchasing an additional 90 shares in the last quarter. SOA Wealth Advisors LLC. boosted its stake in shares of Vanguard High Dividend Yield ETF by 2.1% during the 4th quarter. SOA Wealth Advisors LLC. now owns 4,594 shares of the company’s stock worth $513,000 after acquiring an additional 94 shares in the last quarter. Warner Financial Inc. boosted its stake in shares of Vanguard High Dividend Yield ETF by 0.4% during the 3rd quarter. Warner Financial Inc. now owns 22,268 shares of the company’s stock worth $2,301,000 after acquiring an additional 97 shares in the last quarter. Red Door Wealth Management LLC boosted its stake in shares of Vanguard High Dividend Yield ETF by 0.9% during the 4th quarter. Red Door Wealth Management LLC now owns 11,299 shares of the company’s stock worth $1,261,000 after acquiring an additional 97 shares in the last quarter. Finally, CRA Financial Services LLC boosted its stake in shares of Vanguard High Dividend Yield ETF by 1.0% during the 4th quarter. CRA Financial Services LLC now owns 9,446 shares of the company’s stock worth $1,054,000 after acquiring an additional 98 shares in the last quarter.
Vanguard High Dividend Yield ETF Price Performance
Shares of VYM traded up $0.38 during trading hours on Wednesday, hitting $118.59. 726,148 shares of the company were exchanged, compared to its average volume of 1,090,884. The company has a market capitalization of $53.70 billion, a PE ratio of 15.88 and a beta of 0.70. The firm has a fifty day simple moving average of $117.72 and a 200-day simple moving average of $112.13. Vanguard High Dividend Yield ETF has a one year low of $98.40 and a one year high of $121.29.
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.
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