ProVise Management Group LLC Cuts Holdings in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

ProVise Management Group LLC lowered its position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 18.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,298 shares of the company’s stock after selling 996 shares during the period. ProVise Management Group LLC’s holdings in Vanguard High Dividend Yield ETF were worth $510,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of VYM. Vantage Financial Partners LLC grew its holdings in shares of Vanguard High Dividend Yield ETF by 63.9% in the 4th quarter. Vantage Financial Partners LLC now owns 9,324 shares of the company’s stock worth $1,041,000 after acquiring an additional 3,636 shares during the period. Accretive Wealth Partners LLC grew its holdings in shares of Vanguard High Dividend Yield ETF by 4.0% in the 4th quarter. Accretive Wealth Partners LLC now owns 65,394 shares of the company’s stock worth $7,300,000 after acquiring an additional 2,485 shares during the period. Aveo Capital Partners LLC acquired a new stake in shares of Vanguard High Dividend Yield ETF in the 4th quarter worth approximately $1,099,000. Rollins Financial grew its holdings in shares of Vanguard High Dividend Yield ETF by 13.7% in the 4th quarter. Rollins Financial now owns 30,524 shares of the company’s stock worth $3,407,000 after acquiring an additional 3,672 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Vanguard High Dividend Yield ETF by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 94,579 shares of the company’s stock worth $10,122,000 after acquiring an additional 5,646 shares during the period.

Vanguard High Dividend Yield ETF Stock Performance

Shares of NYSEARCA:VYM opened at $127.00 on Friday. The business’s fifty day moving average price is $123.76 and its two-hundred day moving average price is $120.42. The stock has a market cap of $57.50 billion, a PE ratio of 15.88 and a beta of 0.70. Vanguard High Dividend Yield ETF has a one year low of $98.40 and a one year high of $128.43.

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.