Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Shares Purchased by Covington Investment Advisors Inc.

Covington Investment Advisors Inc. increased its position in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 1.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 37,171 shares of the company’s stock after buying an additional 418 shares during the quarter. Covington Investment Advisors Inc.’s holdings in Vanguard High Dividend Yield ETF were worth $4,765,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Chris Bulman Inc purchased a new stake in Vanguard High Dividend Yield ETF during the 2nd quarter valued at approximately $26,000. Cultivar Capital Inc. acquired a new position in shares of Vanguard High Dividend Yield ETF in the second quarter valued at approximately $36,000. Clean Yield Group purchased a new stake in shares of Vanguard High Dividend Yield ETF during the first quarter worth approximately $44,000. Highline Wealth Partners LLC acquired a new stake in shares of Vanguard High Dividend Yield ETF during the third quarter worth $45,000. Finally, Ridgewood Investments LLC acquired a new stake in shares of Vanguard High Dividend Yield ETF during the second quarter worth $49,000.

Vanguard High Dividend Yield ETF Stock Performance

Shares of VYM opened at $134.41 on Tuesday. The stock has a market capitalization of $60.86 billion, a P/E ratio of 15.88 and a beta of 0.70. Vanguard High Dividend Yield ETF has a 1 year low of $105.37 and a 1 year high of $134.98. The company’s fifty day moving average is $129.59 and its two-hundred day moving average is $124.30.

Vanguard High Dividend Yield ETF Company 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.