TFC Financial Management Inc. Lowers Position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

TFC Financial Management Inc. lowered its holdings in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 4.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,723 shares of the company’s stock after selling 80 shares during the quarter. TFC Financial Management Inc.’s holdings in Vanguard High Dividend Yield ETF were worth $220,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Vanguard High Dividend Yield ETF by 0.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,164,681 shares of the company’s stock valued at $277,512,000 after acquiring an additional 9,363 shares in the last quarter. World Investment Advisors LLC raised its holdings in shares of Vanguard High Dividend Yield ETF by 451.3% in the 3rd quarter. World Investment Advisors LLC now owns 22,939 shares of the company’s stock valued at $2,941,000 after acquiring an additional 18,778 shares in the last quarter. Semmax Financial Advisors Inc. raised its holdings in shares of Vanguard High Dividend Yield ETF by 3.2% in the 3rd quarter. Semmax Financial Advisors Inc. now owns 37,266 shares of the company’s stock valued at $4,910,000 after acquiring an additional 1,171 shares in the last quarter. Grimes & Company Inc. raised its holdings in shares of Vanguard High Dividend Yield ETF by 13.1% in the 3rd quarter. Grimes & Company Inc. now owns 16,637 shares of the company’s stock valued at $2,133,000 after acquiring an additional 1,924 shares in the last quarter. Finally, Seamount Financial Group Inc. purchased a new stake in shares of Vanguard High Dividend Yield ETF in the 3rd quarter valued at about $372,000.

Vanguard High Dividend Yield ETF Trading Down 0.5 %

Shares of NYSEARCA VYM opened at $133.15 on Thursday. The stock has a market cap of $60.29 billion, a price-to-earnings ratio of 15.88 and a beta of 0.70. Vanguard High Dividend Yield ETF has a 1-year low of $111.31 and a 1-year high of $135.07. The stock’s 50-day moving average is $130.42 and its 200 day moving average is $128.57.

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.