Covington Investment Advisors Inc. Raises Stock Position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Covington Investment Advisors Inc. boosted its position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 3.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 38,350 shares of the company’s stock after purchasing an additional 1,179 shares during the quarter. Covington Investment Advisors Inc.’s holdings in Vanguard High Dividend Yield ETF were worth $4,886,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Citigroup Inc. increased its position in shares of Vanguard High Dividend Yield ETF by 13.1% in the third quarter. Citigroup Inc. now owns 116,959 shares of the company’s stock worth $14,994,000 after purchasing an additional 13,545 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Vanguard High Dividend Yield ETF by 6.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,270 shares of the company’s stock worth $547,000 after buying an additional 270 shares during the last quarter. FMR LLC raised its position in shares of Vanguard High Dividend Yield ETF by 12.4% during the 3rd quarter. FMR LLC now owns 201,446 shares of the company’s stock valued at $25,825,000 after buying an additional 22,272 shares in the last quarter. Cynosure Group LLC purchased a new position in Vanguard High Dividend Yield ETF in the third quarter worth $318,000. Finally, Fiduciary Trust Co increased its stake in Vanguard High Dividend Yield ETF by 1.5% in the third quarter. Fiduciary Trust Co now owns 131,517 shares of the company’s stock valued at $16,860,000 after acquiring an additional 1,955 shares during the last quarter.

Vanguard High Dividend Yield ETF Stock Down 0.3 %

NYSEARCA VYM opened at $128.87 on Friday. The stock’s 50-day simple moving average is $131.63 and its two-hundred day simple moving average is $130.22. Vanguard High Dividend Yield ETF has a twelve month low of $114.37 and a twelve month high of $135.10. The company has a market capitalization of $59.25 billion, a price-to-earnings ratio of 18.95 and a beta of 0.83.

Vanguard High Dividend Yield ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 21st were paid a $0.85 dividend. The ex-dividend date of this dividend was Friday, March 21st.

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.