Kovack Advisors Inc. Sells 531 Shares of Vanguard High Dividend Yield ETF $VYM

Kovack Advisors Inc. decreased its holdings in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 2.8% in the second quarter, Holdings Channel reports. The fund owned 18,109 shares of the company’s stock after selling 531 shares during the quarter. Kovack Advisors Inc.’s holdings in Vanguard High Dividend Yield ETF were worth $2,414,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC purchased a new stake in Vanguard High Dividend Yield ETF during the 2nd quarter valued at $366,524,000. SCS Capital Management LLC purchased a new stake in Vanguard High Dividend Yield ETF during the 1st quarter valued at $198,685,000. Auto Owners Insurance Co raised its holdings in Vanguard High Dividend Yield ETF by 125.2% during the 2nd quarter. Auto Owners Insurance Co now owns 724,200 shares of the company’s stock valued at $96,543,000 after buying an additional 402,667 shares during the period. Ameriprise Financial Inc. raised its holdings in Vanguard High Dividend Yield ETF by 10.8% during the 1st quarter. Ameriprise Financial Inc. now owns 3,816,873 shares of the company’s stock valued at $492,413,000 after buying an additional 372,066 shares during the period. Finally, Quaker Wealth Management LLC raised its holdings in Vanguard High Dividend Yield ETF by 258.8% during the 2nd quarter. Quaker Wealth Management LLC now owns 167,307 shares of the company’s stock valued at $22,304,000 after buying an additional 272,656 shares during the period.

Vanguard High Dividend Yield ETF Stock Performance

NYSEARCA:VYM opened at $140.85 on Friday. The stock’s fifty day moving average is $140.36 and its 200 day moving average is $134.07. Vanguard High Dividend Yield ETF has a fifty-two week low of $112.05 and a fifty-two week high of $142.49. The firm has a market capitalization of $65.85 billion, a PE ratio of 17.79 and a beta of 0.79.

Vanguard High Dividend Yield ETF 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.