Raymond James Financial Services Advisors Inc. Decreases Stock Holdings in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Raymond James Financial Services Advisors Inc. reduced its position in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,952,779 shares of the company’s stock after selling 95,045 shares during the period. Vanguard High Dividend Yield ETF comprises approximately 0.7% of Raymond James Financial Services Advisors Inc.’s portfolio, making the stock its 23rd largest position. Raymond James Financial Services Advisors Inc. owned approximately 0.87% of Vanguard High Dividend Yield ETF worth $468,800,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of VYM. DiNuzzo Private Wealth Inc. purchased a new stake in Vanguard High Dividend Yield ETF in the fourth quarter valued at $25,000. Sachetta LLC purchased a new stake in Vanguard High Dividend Yield ETF in the fourth quarter valued at $26,000. Central Pacific Bank Trust Division purchased a new stake in Vanguard High Dividend Yield ETF in the first quarter valued at $27,000. JNBA Financial Advisors purchased a new stake in Vanguard High Dividend Yield ETF in the fourth quarter valued at $33,000. Finally, First United Bank & Trust purchased a new stake in Vanguard High Dividend Yield ETF in the fourth quarter valued at $33,000.

Vanguard High Dividend Yield ETF Stock Up 0.6 %

VYM traded up $0.77 on Monday, reaching $124.49. The company had a trading volume of 617,706 shares, compared to its average volume of 957,353. Vanguard High Dividend Yield ETF has a 1 year low of $98.40 and a 1 year high of $125.07. The stock has a market capitalization of $56.37 billion, a PE ratio of 15.88 and a beta of 0.70. The stock has a 50-day moving average price of $120.64 and a 200-day moving average price of $118.56.

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.