Richardson Financial Services Inc. Cuts Stock Position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Richardson Financial Services Inc. reduced its stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 12.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,537 shares of the company’s stock after selling 212 shares during the period. Richardson Financial Services Inc.’s holdings in Vanguard High Dividend Yield ETF were worth $182,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sachetta LLC acquired a new stake in Vanguard High Dividend Yield ETF during the fourth quarter worth approximately $26,000. Chris Bulman Inc acquired a new position in Vanguard High Dividend Yield ETF in the 2nd quarter valued at $26,000. Central Pacific Bank Trust Division purchased a new position in Vanguard High Dividend Yield ETF during the first quarter worth about $27,000. Cultivar Capital Inc. purchased a new position in shares of Vanguard High Dividend Yield ETF during the 2nd quarter worth approximately $36,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new position in Vanguard High Dividend Yield ETF in the first quarter worth $44,000.

Vanguard High Dividend Yield ETF Stock Up 1.1 %

Shares of NYSEARCA VYM opened at $128.07 on Friday. The firm has a 50-day moving average price of $123.65 and a 200 day moving average price of $120.35. Vanguard High Dividend Yield ETF has a 52 week low of $98.40 and a 52 week high of $128.43. The stock has a market capitalization of $57.99 billion, a price-to-earnings ratio of 15.88 and a beta of 0.70.

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.