Brightwater Advisory LLC Lowers Position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Brightwater Advisory LLC decreased its stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 6.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,380 shares of the company’s stock after selling 301 shares during the quarter. Brightwater Advisory LLC’s holdings in Vanguard High Dividend Yield ETF were worth $562,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Chris Bulman Inc purchased a new position in shares of Vanguard High Dividend Yield ETF in the second quarter worth $26,000. Central Pacific Bank Trust Division purchased a new position in shares of Vanguard High Dividend Yield ETF during the first quarter valued at about $27,000. Cultivar Capital Inc. purchased a new stake in shares of Vanguard High Dividend Yield ETF in the second quarter worth about $36,000. Dixon Mitchell Investment Counsel Inc. bought a new position in Vanguard High Dividend Yield ETF during the first quarter valued at approximately $44,000. Finally, Clean Yield Group purchased a new position in Vanguard High Dividend Yield ETF during the 1st quarter valued at approximately $44,000.

Vanguard High Dividend Yield ETF Stock Performance

Shares of VYM traded up $0.65 during mid-day trading on Wednesday, hitting $128.64. 165,054 shares of the stock were exchanged, compared to its average volume of 917,385. The firm has a 50-day moving average of $124.93 and a two-hundred day moving average of $121.30. Vanguard High Dividend Yield ETF has a 52-week low of $98.40 and a 52-week high of $128.77. The company has a market cap of $58.25 billion, a PE 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.