SBI Securities Co. Ltd. Sells 10,650 Shares of Vanguard High Dividend Yield ETF $VYM

SBI Securities Co. Ltd. lessened its holdings in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 1.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 589,598 shares of the company’s stock after selling 10,650 shares during the quarter. Vanguard High Dividend Yield ETF comprises 2.1% of SBI Securities Co. Ltd.’s investment portfolio, making the stock its 11th biggest position. SBI Securities Co. Ltd.’s holdings in Vanguard High Dividend Yield ETF were worth $83,104,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of Vanguard High Dividend Yield ETF during the 3rd quarter valued at about $31,000. Kiker Wealth Management LLC purchased a new stake in Vanguard High Dividend Yield ETF in the second quarter valued at approximately $35,000. Nvwm LLC purchased a new stake in Vanguard High Dividend Yield ETF in the second quarter valued at approximately $35,000. GFG Capital LLC bought a new stake in Vanguard High Dividend Yield ETF during the second quarter valued at approximately $36,000. Finally, Grey Fox Wealth Advisors LLC purchased a new position in Vanguard High Dividend Yield ETF in the 3rd quarter worth approximately $39,000.

Vanguard High Dividend Yield ETF Price Performance

Shares of NYSEARCA:VYM opened at $152.79 on Thursday. The company’s fifty day moving average price is $146.44 and its 200-day moving average price is $141.78. The firm has a market capitalization of $73.43 billion, a price-to-earnings ratio of 17.79 and a beta of 0.79. Vanguard High Dividend Yield ETF has a one year low of $112.05 and a one year high of $153.18.

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.