Covington Investment Advisors Inc. Has $4.36 Million Position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Covington Investment Advisors Inc. lifted its stake in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 4.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,753 shares of the company’s stock after purchasing an additional 1,617 shares during the quarter. Covington Investment Advisors Inc.’s holdings in Vanguard High Dividend Yield ETF were worth $4,359,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in VYM. Chris Bulman Inc bought a new position in Vanguard High Dividend Yield ETF in the second quarter valued at about $26,000. Central Pacific Bank Trust Division bought a new position in Vanguard High Dividend Yield ETF in the 1st quarter valued at approximately $27,000. Cultivar Capital Inc. acquired a new stake in Vanguard High Dividend Yield ETF during the 2nd quarter worth approximately $36,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Vanguard High Dividend Yield ETF during the 1st quarter worth approximately $44,000. Finally, Clean Yield Group bought a new stake in Vanguard High Dividend Yield ETF during the 1st quarter worth approximately $44,000.

Vanguard High Dividend Yield ETF Stock Performance

VYM stock opened at $127.76 on Monday. The company has a market capitalization of $57.85 billion, a P/E ratio of 15.88 and a beta of 0.70. The company has a fifty day moving average price of $124.19 and a 200-day moving average price of $120.81. Vanguard High Dividend Yield ETF has a 52-week low of $98.40 and a 52-week high of $128.44.

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.