Vanguard S&P 500 Covered Call ETF (NYSEARCA:VYLD) CEO Douglas Petno Sells 3,487 Shares

Vanguard S&P 500 Covered Call ETF (NYSEARCA:VYLD) CEO Douglas Petno sold 3,487 shares of the firm’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $312.80, for a total value of $1,090,733.60. Following the completion of the transaction, the chief executive officer directly owned 369,126 shares in the company, valued at $115,462,612.80. This trade represents a 0.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Vanguard S&P 500 Covered Call ETF Trading Down 0.1%

Shares of NYSEARCA:VYLD opened at $28.36 on Friday.

Vanguard S&P 500 Covered Call ETF (NYSEARCA: VYLD) is an exchange-traded fund managed by Vanguard that combines broad exposure to large-cap U.S. equities with an options overlay designed to generate incremental income. The fund holds a portfolio intended to approximate the performance of the S&P 500 and implements a covered?call (buy?write) strategy, selling call options against the equity exposure to capture option premiums. This approach seeks to provide higher income than a plain?vanilla S&P 500 index fund while maintaining substantial participation in the U.S.