Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Stake Trimmed by Montecito Bank & Trust

Montecito Bank & Trust cut its position in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYMFree Report) by 23.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 29,711 shares of the company’s stock after selling 8,882 shares during the period. Montecito Bank & Trust’s holdings in Vanguard High Dividend Yield ETF were worth $3,595,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Blackston Financial Advisory Group LLC purchased a new position in Vanguard High Dividend Yield ETF during the 4th quarter worth approximately $6,776,000. BKM Wealth Management LLC purchased a new position in Vanguard High Dividend Yield ETF during the fourth quarter valued at approximately $717,000. Highland Financial Advisors LLC increased its stake in Vanguard High Dividend Yield ETF by 10.6% in the 4th quarter. Highland Financial Advisors LLC now owns 252,206 shares of the company’s stock valued at $28,154,000 after buying an additional 24,094 shares during the period. Cresset Asset Management LLC lifted its position in Vanguard High Dividend Yield ETF by 6.2% in the 4th quarter. Cresset Asset Management LLC now owns 106,796 shares of the company’s stock worth $11,922,000 after buying an additional 6,242 shares in the last quarter. Finally, Davidson Trust Co. grew its holdings in shares of Vanguard High Dividend Yield ETF by 42.3% during the 4th quarter. Davidson Trust Co. now owns 26,472 shares of the company’s stock valued at $2,955,000 after acquiring an additional 7,867 shares in the last quarter.

Vanguard High Dividend Yield ETF Price Performance

VYM traded up $0.36 during trading on Thursday, reaching $120.17. 762,977 shares of the stock traded hands, compared to its average volume of 991,623. The stock has a market cap of $54.41 billion, a price-to-earnings ratio of 15.88 and a beta of 0.70. Vanguard High Dividend Yield ETF has a fifty-two week low of $98.40 and a fifty-two week high of $121.64. The stock’s 50-day simple moving average is $118.44 and its two-hundred day simple moving average is $115.54.

Vanguard High Dividend Yield ETF Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding VYM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vanguard High Dividend Yield ETF (NYSEARCA:VYMFree Report).

Institutional Ownership by Quarter for Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

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