Kovack Advisors Inc. Grows Stock Holdings in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Kovack Advisors Inc. increased its stake in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,057 shares of the company’s stock after acquiring an additional 203 shares during the period. Kovack Advisors Inc.’s holdings in Vanguard High Dividend Yield ETF were worth $2,432,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VYM. FSA Wealth Management LLC acquired a new stake in Vanguard High Dividend Yield ETF in the third quarter valued at about $26,000. Valley Wealth Managers Inc. lifted its position in shares of Vanguard High Dividend Yield ETF by 314.8% during the 4th quarter. Valley Wealth Managers Inc. now owns 253 shares of the company’s stock valued at $32,000 after acquiring an additional 192 shares during the period. Decker Retirement Planning Inc. acquired a new stake in shares of Vanguard High Dividend Yield ETF during the 4th quarter valued at approximately $39,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Vanguard High Dividend Yield ETF during the 4th quarter valued at approximately $39,000. Finally, Highline Wealth Partners LLC acquired a new stake in shares of Vanguard High Dividend Yield ETF during the 3rd quarter valued at approximately $45,000.

Vanguard High Dividend Yield ETF Trading Down 0.2 %

VYM stock opened at $132.91 on Thursday. The firm has a 50 day moving average of $130.94 and a 200-day moving average of $129.50. Vanguard High Dividend Yield ETF has a 12-month low of $114.37 and a 12-month high of $135.10. The company has a market cap of $60.99 billion, a price-to-earnings ratio of 19.65 and a beta of 0.85.

Vanguard High Dividend Yield ETF Company Profile

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.