Pitcairn Co. Invests $261,000 in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Pitcairn Co. purchased a new position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,160 shares of the company’s stock, valued at approximately $261,000.

A number of other large investors have also recently made changes to their positions in VYM. DiNuzzo Private Wealth Inc. bought a new stake in shares of Vanguard High Dividend Yield ETF in the fourth quarter worth approximately $25,000. Sachetta LLC bought a new stake in Vanguard High Dividend Yield ETF during the fourth quarter valued at approximately $26,000. Central Pacific Bank Trust Division bought a new stake in Vanguard High Dividend Yield ETF during the first quarter valued at approximately $27,000. JNBA Financial Advisors bought a new stake in Vanguard High Dividend Yield ETF during the fourth quarter valued at approximately $33,000. Finally, First United Bank & Trust bought a new stake in Vanguard High Dividend Yield ETF during the fourth quarter valued at approximately $33,000.

Vanguard High Dividend Yield ETF Trading Up 0.5 %

Shares of NYSEARCA VYM opened at $122.71 on Friday. The firm has a 50 day moving average of $119.89 and a 200 day moving average of $117.33. The firm has a market capitalization of $55.56 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 $125.04.

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.