Prudent Man Advisors LLC Cuts Stake in Vanguard High Dividend Yield ETF $VYM

Prudent Man Advisors LLC lessened its stake in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 23.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 15,324 shares of the company’s stock after selling 4,741 shares during the quarter. Vanguard High Dividend Yield ETF makes up about 0.8% of Prudent Man Advisors LLC’s portfolio, making the stock its 24th largest position. Prudent Man Advisors LLC’s holdings in Vanguard High Dividend Yield ETF were worth $2,160,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Gallagher Fiduciary Advisors LLC grew its position in shares of Vanguard High Dividend Yield ETF by 12,273.0% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 7,981,687 shares of the company’s stock valued at $1,064,039,000 after acquiring an additional 7,917,178 shares during the period. Vantagepoint Investment Advisers LLC bought a new stake in shares of Vanguard High Dividend Yield ETF in the 3rd quarter worth approximately $316,679,000. Rakuten Investment Management Inc. purchased a new position in Vanguard High Dividend Yield ETF in the third quarter valued at approximately $199,321,000. Cornerstone Planning Group LLC lifted its stake in Vanguard High Dividend Yield ETF by 57,021.7% in the third quarter. Cornerstone Planning Group LLC now owns 526,662 shares of the company’s stock valued at $74,233,000 after purchasing an additional 525,740 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Vanguard High Dividend Yield ETF by 13.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,683,539 shares of the company’s stock valued at $357,743,000 after purchasing an additional 314,494 shares during the period.

Vanguard High Dividend Yield ETF Price Performance

NYSEARCA:VYM opened at $150.29 on Thursday. The company has a market capitalization of $72.23 billion, a P/E ratio of 17.79 and a beta of 0.79. The business has a fifty day simple moving average of $151.09 and a two-hundred day simple moving average of $144.95. Vanguard High Dividend Yield ETF has a 1 year low of $112.05 and a 1 year high of $157.29.

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.