Parsons Capital Management Inc. RI Cuts Stock Position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Parsons Capital Management Inc. RI trimmed its position in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 0.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 24,065 shares of the company’s stock after selling 163 shares during the period. Parsons Capital Management Inc. RI’s holdings in Vanguard High Dividend Yield ETF were worth $3,103,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of Vanguard High Dividend Yield ETF by 0.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,164,681 shares of the company’s stock worth $277,512,000 after acquiring an additional 9,363 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Vanguard High Dividend Yield ETF by 214,700.0% during the 4th quarter. BNP Paribas Financial Markets now owns 2,148 shares of the company’s stock worth $274,000 after acquiring an additional 2,147 shares in the last quarter. First Trust Advisors LP bought a new position in shares of Vanguard High Dividend Yield ETF during the 4th quarter worth approximately $1,225,000. ARQ Wealth Advisors LLC raised its stake in shares of Vanguard High Dividend Yield ETF by 9.8% during the 4th quarter. ARQ Wealth Advisors LLC now owns 17,226 shares of the company’s stock worth $2,198,000 after acquiring an additional 1,539 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Vanguard High Dividend Yield ETF during the 4th quarter worth approximately $2,588,000.

Vanguard High Dividend Yield ETF Price Performance

Shares of NYSEARCA:VYM opened at $130.46 on Tuesday. The business’s 50-day moving average is $124.89 and its 200 day moving average is $128.78. Vanguard High Dividend Yield ETF has a 1 year low of $112.05 and a 1 year high of $135.10. The firm has a market capitalization of $59.54 billion, a P/E ratio of 18.75 and a beta of 0.79.

Vanguard High Dividend Yield ETF 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.