Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Shares Sold by Asset Allocation & Management Company LLC

Asset Allocation & Management Company LLC lowered its stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 11.2% in the third quarter, HoldingsChannel.com reports. The firm owned 102,990 shares of the company’s stock after selling 13,039 shares during the quarter. Vanguard High Dividend Yield ETF comprises 8.3% of Asset Allocation & Management Company LLC’s investment portfolio, making the stock its 3rd largest position. Asset Allocation & Management Company LLC’s holdings in Vanguard High Dividend Yield ETF were worth $13,203,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Chris Bulman Inc bought a new position in Vanguard High Dividend Yield ETF in the second quarter valued at approximately $26,000. Central Pacific Bank Trust Division bought a new position in shares of Vanguard High Dividend Yield ETF during the first quarter worth $27,000. Cultivar Capital Inc. bought a new position in shares of Vanguard High Dividend Yield ETF during the second quarter worth $36,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Vanguard High Dividend Yield ETF during the first quarter worth $44,000. Finally, Clean Yield Group bought a new position in shares of Vanguard High Dividend Yield ETF during the first quarter worth $44,000.

Vanguard High Dividend Yield ETF Price Performance

Shares of NYSEARCA VYM traded down $0.24 during midday trading on Wednesday, reaching $129.93. 85,798 shares of the stock were exchanged, compared to its average volume of 905,060. The business has a 50-day simple moving average of $126.92 and a two-hundred day simple moving average of $122.05. The company has a market capitalization of $58.83 billion, a price-to-earnings ratio of 15.88 and a beta of 0.70. Vanguard High Dividend Yield ETF has a 12 month low of $98.40 and a 12 month high of $131.85.

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.