Steel Grove Capital Advisors LLC Sells 1,191 Shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Steel Grove Capital Advisors LLC reduced its holdings in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 31.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,603 shares of the company’s stock after selling 1,191 shares during the period. Steel Grove Capital Advisors LLC’s holdings in Vanguard High Dividend Yield ETF were worth $309,000 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. Chris Bulman Inc bought a new position in shares of Vanguard High Dividend Yield ETF during the second quarter valued at $26,000. Central Pacific Bank Trust Division acquired a new stake in shares of Vanguard High Dividend Yield ETF during the 1st quarter worth about $27,000. Cultivar Capital Inc. bought a new position in Vanguard High Dividend Yield ETF during the 2nd quarter valued at about $36,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in Vanguard High Dividend Yield ETF in the first quarter valued at about $44,000. Finally, Clean Yield Group bought a new stake in Vanguard High Dividend Yield ETF during the first quarter worth about $44,000.

Vanguard High Dividend Yield ETF Trading Up 0.4 %

NYSEARCA:VYM opened at $127.57 on Tuesday. The stock has a market capitalization of $57.76 billion, a P/E ratio of 15.88 and a beta of 0.70. Vanguard High Dividend Yield ETF has a 1 year low of $98.40 and a 1 year high of $128.43. The firm has a 50 day moving average of $123.87 and a 200-day moving average of $120.55.

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.