PFG Advisors Invests $23.38 Million in Vanguard High Dividend Yield ETF $VYM

PFG Advisors acquired a new position in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 165,899 shares of the company’s stock, valued at approximately $23,383,000. Vanguard High Dividend Yield ETF comprises approximately 1.0% of PFG Advisors’ holdings, making the stock its 11th biggest position.

Several other large investors have also bought and sold shares of the business. Gallagher Fiduciary Advisors LLC lifted its holdings in shares of Vanguard High Dividend Yield ETF by 12,273.0% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 7,981,687 shares of the company’s stock worth $1,064,039,000 after acquiring an additional 7,917,178 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Vanguard High Dividend Yield ETF by 2.4% in the 2nd quarter. Raymond James Financial Inc. now owns 7,491,066 shares of the company’s stock valued at $998,634,000 after purchasing an additional 178,904 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Vanguard High Dividend Yield ETF by 3.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,955,135 shares of the company’s stock valued at $527,659,000 after purchasing an additional 138,262 shares during the last quarter. Wellspring Financial Advisors LLC grew its holdings in shares of Vanguard High Dividend Yield ETF by 0.6% during the 2nd quarter. Wellspring Financial Advisors LLC now owns 2,787,908 shares of the company’s stock valued at $371,656,000 after purchasing an additional 15,677 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Vanguard High Dividend Yield ETF by 13.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,683,539 shares of the company’s stock worth $357,743,000 after purchasing an additional 314,494 shares in the last quarter.

Vanguard High Dividend Yield ETF Price Performance

Shares of NYSEARCA:VYM opened at $150.74 on Monday. The company has a market cap of $72.44 billion, a price-to-earnings ratio of 17.79 and a beta of 0.79. The firm has a 50 day simple moving average of $150.70 and a 200 day simple moving average of $144.73. Vanguard High Dividend Yield ETF has a one year low of $112.05 and a one 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.