Penney Financial LLC Reduces Stock Position in Vanguard High Dividend Yield ETF $VYM

Penney Financial LLC decreased its position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 31.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,791 shares of the company’s stock after selling 26,331 shares during the period. Vanguard High Dividend Yield ETF makes up approximately 3.8% of Penney Financial LLC’s holdings, making the stock its 8th biggest position. Penney Financial LLC’s holdings in Vanguard High Dividend Yield ETF were worth $7,571,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Capital Advisory Group Advisory Services LLC boosted its stake in Vanguard High Dividend Yield ETF by 3.7% in the 2nd quarter. Capital Advisory Group Advisory Services LLC now owns 2,127 shares of the company’s stock worth $284,000 after purchasing an additional 75 shares in the last quarter. HRC Wealth Management LLC lifted its stake in Vanguard High Dividend Yield ETF by 4.1% during the 1st quarter. HRC Wealth Management LLC now owns 2,041 shares of the company’s stock valued at $263,000 after acquiring an additional 80 shares during the period. Sunbelt Securities Inc. lifted its stake in Vanguard High Dividend Yield ETF by 16.6% during the 1st quarter. Sunbelt Securities Inc. now owns 577 shares of the company’s stock valued at $74,000 after acquiring an additional 82 shares during the period. Geneva Partners LLC lifted its stake in Vanguard High Dividend Yield ETF by 1.5% during the 1st quarter. Geneva Partners LLC now owns 5,761 shares of the company’s stock valued at $743,000 after acquiring an additional 85 shares during the period. Finally, Mayflower Financial Advisors LLC lifted its stake in Vanguard High Dividend Yield ETF by 1.2% during the 1st quarter. Mayflower Financial Advisors LLC now owns 7,083 shares of the company’s stock valued at $913,000 after acquiring an additional 86 shares during the period.

Vanguard High Dividend Yield ETF Stock Performance

VYM opened at $141.05 on Wednesday. The stock has a market capitalization of $65.95 billion, a P/E ratio of 17.79 and a beta of 0.84. The company’s 50-day simple moving average is $138.70 and its two-hundred day simple moving average is $132.08. Vanguard High Dividend Yield ETF has a 52-week low of $112.05 and a 52-week high of $142.22.

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.