Massmutual Trust Co. FSB ADV Acquires 7,339 Shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Massmutual Trust Co. FSB ADV increased its stake in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 544.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,686 shares of the company’s stock after buying an additional 7,339 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Vanguard High Dividend Yield ETF were worth $1,030,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VYM. DiNuzzo Private Wealth Inc. bought a new position in Vanguard High Dividend Yield ETF during the fourth quarter worth about $25,000. Sachetta LLC acquired a new stake in shares of Vanguard High Dividend Yield ETF in the 4th quarter valued at about $26,000. Central Pacific Bank Trust Division bought a new stake in shares of Vanguard High Dividend Yield ETF in the first quarter valued at about $27,000. JNBA Financial Advisors acquired a new position in shares of Vanguard High Dividend Yield ETF during the fourth quarter worth about $33,000. Finally, First United Bank & Trust acquired a new stake in Vanguard High Dividend Yield ETF in the 4th quarter valued at approximately $33,000.

Vanguard High Dividend Yield ETF Price Performance

NYSEARCA:VYM traded up $0.90 during trading hours on Tuesday, reaching $118.80. 1,070,749 shares of the stock were exchanged, compared to its average volume of 975,740. Vanguard High Dividend Yield ETF has a twelve month low of $98.40 and a twelve month high of $125.07. The stock has a market cap of $53.79 billion, a PE ratio of 15.88 and a beta of 0.70. The firm has a 50 day moving average of $120.17 and a 200 day moving average of $117.96.

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.