Burkett Financial Services LLC Reduces Stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Burkett Financial Services LLC decreased its position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 3.1% during the 3rd quarter, Holdings Channel reports. The fund owned 12,888 shares of the company’s stock after selling 411 shares during the quarter. Vanguard High Dividend Yield ETF comprises about 0.7% of Burkett Financial Services LLC’s holdings, making the stock its 15th biggest position. Burkett Financial Services LLC’s holdings in Vanguard High Dividend Yield ETF were worth $1,652,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in VYM. LPL Financial LLC increased its position in Vanguard High Dividend Yield ETF by 4.6% during the 2nd quarter. LPL Financial LLC now owns 5,223,678 shares of the company’s stock worth $619,528,000 after purchasing an additional 228,580 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Vanguard High Dividend Yield ETF by 1.2% in the second quarter. Envestnet Asset Management Inc. now owns 5,000,642 shares of the company’s stock valued at $593,076,000 after buying an additional 59,826 shares in the last quarter. Vanguard Group Inc. grew its holdings in Vanguard High Dividend Yield ETF by 0.5% during the first quarter. Vanguard Group Inc. now owns 3,246,447 shares of the company’s stock worth $392,788,000 after acquiring an additional 16,021 shares during the period. Mercer Global Advisors Inc. ADV raised its position in Vanguard High Dividend Yield ETF by 7.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 2,226,818 shares of the company’s stock worth $247,649,000 after acquiring an additional 153,146 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in Vanguard High Dividend Yield ETF by 6.5% in the second quarter. Commonwealth Equity Services LLC now owns 2,127,603 shares of the company’s stock valued at $252,334,000 after acquiring an additional 129,582 shares during the period.

Vanguard High Dividend Yield ETF Price Performance

Shares of NYSEARCA VYM traded up $0.46 during trading on Wednesday, hitting $128.45. 145,576 shares of the company were exchanged, compared to its average volume of 917,285. The firm’s fifty day moving average price is $124.93 and its 200 day moving average price is $121.30. The company has a market cap of $58.16 billion, a price-to-earnings ratio of 15.88 and a beta of 0.70. Vanguard High Dividend Yield ETF has a 1 year low of $98.40 and a 1 year high of $128.77.

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.