Sovereign Financial Group Inc. Has $6.43 Million Stock Holdings in Vanguard High Dividend Yield ETF $VYM

Sovereign Financial Group Inc. increased its stake in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 9.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 45,609 shares of the company’s stock after acquiring an additional 3,999 shares during the quarter. Vanguard High Dividend Yield ETF comprises 1.2% of Sovereign Financial Group Inc.’s investment portfolio, making the stock its 18th biggest position. Sovereign Financial Group Inc.’s holdings in Vanguard High Dividend Yield ETF were worth $6,429,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. bought a new position in shares of Vanguard High Dividend Yield ETF during the second quarter worth approximately $26,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Vanguard High Dividend Yield ETF in the 2nd quarter valued at $27,000. Financial Management Professionals Inc. bought a new stake in shares of Vanguard High Dividend Yield ETF during the 2nd quarter valued at $31,000. Strategic Investment Solutions Inc. IL lifted its position in shares of Vanguard High Dividend Yield ETF by 92.0% during the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock valued at $35,000 after acquiring an additional 126 shares during the period. Finally, Kiker Wealth Management LLC acquired a new stake in shares of Vanguard High Dividend Yield ETF during the 2nd quarter worth $35,000.

Vanguard High Dividend Yield ETF Stock Up 0.0%

VYM stock opened at $145.09 on Friday. The company has a market cap of $67.84 billion, a PE ratio of 17.79 and a beta of 0.79. The business has a 50-day simple moving average of $142.67 and a 200 day simple moving average of $138.92. Vanguard High Dividend Yield ETF has a 52 week low of $112.05 and a 52 week high of $147.88.

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.