Founders Financial Alliance LLC Cuts Stock Position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Founders Financial Alliance LLC cut its holdings in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,849 shares of the company’s stock after selling 705 shares during the period. Vanguard High Dividend Yield ETF comprises about 0.9% of Founders Financial Alliance LLC’s portfolio, making the stock its 23rd biggest position. Founders Financial Alliance LLC’s holdings in Vanguard High Dividend Yield ETF were worth $3,170,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of VYM. FSA Wealth Management LLC purchased a new stake in Vanguard High Dividend Yield ETF during the third quarter worth about $26,000. Valley Wealth Managers Inc. increased its stake in shares of Vanguard High Dividend Yield ETF by 314.8% during the fourth quarter. Valley Wealth Managers Inc. now owns 253 shares of the company’s stock worth $32,000 after buying an additional 192 shares during the period. Decker Retirement Planning Inc. purchased a new stake in shares of Vanguard High Dividend Yield ETF during the fourth quarter worth approximately $39,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Vanguard High Dividend Yield ETF during the fourth quarter worth approximately $39,000. Finally, Pillar Financial Advisors LLC purchased a new stake in shares of Vanguard High Dividend Yield ETF during the fourth quarter worth approximately $41,000.

Vanguard High Dividend Yield ETF Stock Performance

VYM stock opened at $129.49 on Tuesday. The company’s 50 day moving average price is $131.45 and its 200 day moving average price is $130.01. Vanguard High Dividend Yield ETF has a fifty-two week low of $114.37 and a fifty-two week high of $135.10. The firm has a market capitalization of $59.42 billion, a price-to-earnings ratio of 19.65 and a beta of 0.85.

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.