M&T Bank Corp Sells 17,427 Shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

M&T Bank Corp lowered its stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 5.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 329,779 shares of the company’s stock after selling 17,427 shares during the period. M&T Bank Corp’s holdings in Vanguard High Dividend Yield ETF were worth $42,278,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VYM. Soltis Investment Advisors LLC acquired a new position in Vanguard High Dividend Yield ETF in the 3rd quarter worth about $208,000. Rehmann Capital Advisory Group increased its stake in shares of Vanguard High Dividend Yield ETF by 9.0% in the third quarter. Rehmann Capital Advisory Group now owns 13,665 shares of the company’s stock valued at $1,752,000 after buying an additional 1,125 shares during the period. Mittelman Wealth Management raised its holdings in Vanguard High Dividend Yield ETF by 162.1% in the 3rd quarter. Mittelman Wealth Management now owns 227,342 shares of the company’s stock valued at $29,145,000 after buying an additional 140,604 shares during the last quarter. Frisch Financial Group Inc. boosted its position in Vanguard High Dividend Yield ETF by 11.5% during the 3rd quarter. Frisch Financial Group Inc. now owns 4,370 shares of the company’s stock worth $560,000 after buying an additional 452 shares during the period. Finally, Brophy Wealth Management LLC acquired a new stake in Vanguard High Dividend Yield ETF during the 3rd quarter worth approximately $290,000.

Vanguard High Dividend Yield ETF Stock Performance

Shares of NYSEARCA VYM opened at $127.12 on Friday. The firm has a 50 day moving average price of $131.07 and a two-hundred day moving average price of $125.82. The stock has a market cap of $57.56 billion, a P/E ratio of 15.88 and a beta of 0.70. Vanguard High Dividend Yield ETF has a 52-week low of $109.47 and a 52-week high of $135.07.

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.