Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Stock Position Lowered by Cherry Tree Wealth Management LLC

Cherry Tree Wealth Management LLC reduced its stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 5.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 96,704 shares of the company’s stock after selling 5,255 shares during the period. Vanguard High Dividend Yield ETF makes up approximately 2.9% of Cherry Tree Wealth Management LLC’s portfolio, making the stock its 8th biggest position. Cherry Tree Wealth Management LLC’s holdings in Vanguard High Dividend Yield ETF were worth $10,795,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. JB Capital LLC grew its stake in Vanguard High Dividend Yield ETF by 12.2% in the 3rd quarter. JB Capital LLC now owns 6,755 shares of the company’s stock worth $698,000 after buying an additional 733 shares in the last quarter. WealthShield Partners LLC bought a new stake in Vanguard High Dividend Yield ETF during the third quarter worth about $338,000. BluePath Capital Management LLC purchased a new position in shares of Vanguard High Dividend Yield ETF in the 3rd quarter worth about $39,000. Brighton Jones LLC boosted its stake in Vanguard High Dividend Yield ETF by 38.2% in the third quarter. Brighton Jones LLC now owns 17,022 shares of the company’s stock worth $1,759,000 after buying an additional 4,706 shares in the last quarter. Finally, First Merchants Corp raised its stake in shares of Vanguard High Dividend Yield ETF by 7.1% during the third quarter. First Merchants Corp now owns 40,494 shares of the company’s stock worth $4,184,000 after acquiring an additional 2,700 shares in the last quarter.

Vanguard High Dividend Yield ETF Stock Performance

NYSEARCA:VYM traded up $0.38 during trading hours on Wednesday, reaching $118.59. The company’s stock had a trading volume of 726,131 shares, compared to its average volume of 1,090,885. The firm has a 50-day simple moving average of $117.72 and a 200-day simple moving average of $112.13. Vanguard High Dividend Yield ETF has a 1 year low of $98.40 and a 1 year high of $121.29. The firm has a market capitalization of $53.70 billion, a price-to-earnings ratio of 15.88 and a beta of 0.70.

About Vanguard High Dividend Yield ETF

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.