Sovereign Financial Group Inc. Increases Stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Sovereign Financial Group Inc. grew its holdings in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 9.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,848 shares of the company’s stock after buying an additional 3,351 shares during the quarter. Vanguard High Dividend Yield ETF accounts for 1.2% of Sovereign Financial Group Inc.’s investment portfolio, making the stock its 18th largest position. Sovereign Financial Group Inc.’s holdings in Vanguard High Dividend Yield ETF were worth $5,139,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BLB&B Advisors LLC increased its position in shares of Vanguard High Dividend Yield ETF by 5.0% in the fourth quarter. BLB&B Advisors LLC now owns 1,650 shares of the company’s stock valued at $210,000 after buying an additional 79 shares in the last quarter. Tradewinds LLC. increased its position in shares of Vanguard High Dividend Yield ETF by 0.8% in the fourth quarter. Tradewinds LLC. now owns 10,309 shares of the company’s stock valued at $1,377,000 after buying an additional 80 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC increased its position in shares of Vanguard High Dividend Yield ETF by 0.7% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 10,770 shares of the company’s stock valued at $1,374,000 after buying an additional 80 shares in the last quarter. Constant Guidance Financial LLC increased its position in shares of Vanguard High Dividend Yield ETF by 0.7% in the fourth quarter. Constant Guidance Financial LLC now owns 12,086 shares of the company’s stock valued at $1,542,000 after buying an additional 81 shares in the last quarter. Finally, Lynx Investment Advisory increased its position in shares of Vanguard High Dividend Yield ETF by 1.1% in the fourth quarter. Lynx Investment Advisory now owns 7,460 shares of the company’s stock valued at $952,000 after buying an additional 84 shares in the last quarter.

Vanguard High Dividend Yield ETF Price Performance

Shares of NYSEARCA:VYM opened at $130.44 on Friday. The business’s 50 day moving average price is $124.87 and its 200-day moving average price is $128.84. The firm has a market capitalization of $59.53 billion, a PE ratio of 18.75 and a beta of 0.79. Vanguard High Dividend Yield ETF has a 1 year low of $112.05 and a 1 year high of $135.10.

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.