Cypress Capital Management LLC Sells 33,849 Shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Cypress Capital Management LLC lowered its stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 23.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,993 shares of the company’s stock after selling 33,849 shares during the quarter. Vanguard High Dividend Yield ETF comprises 1.5% of Cypress Capital Management LLC’s portfolio, making the stock its 22nd biggest holding. Cypress Capital Management LLC’s holdings in Vanguard High Dividend Yield ETF were worth $11,018,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in VYM. Raymond James Financial Services Advisors Inc. grew its position in shares of Vanguard High Dividend Yield ETF by 33.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 2,822,040 shares of the company’s stock worth $258,245,000 after purchasing an additional 711,940 shares in the last quarter. Morgan Stanley grew its position in shares of Vanguard High Dividend Yield ETF by 10.8% during the fourth quarter. Morgan Stanley now owns 6,661,928 shares of the company’s stock worth $609,633,000 after purchasing an additional 650,831 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of Vanguard High Dividend Yield ETF during the first quarter worth about $50,302,000. JPMorgan Chase & Co. grew its position in shares of Vanguard High Dividend Yield ETF by 112.1% during the fourth quarter. JPMorgan Chase & Co. now owns 516,324 shares of the company’s stock worth $47,249,000 after purchasing an additional 272,863 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Vanguard High Dividend Yield ETF by 9.1% during the first quarter. Envestnet Asset Management Inc. now owns 3,172,131 shares of the company’s stock worth $320,671,000 after purchasing an additional 264,123 shares in the last quarter.

NYSEARCA VYM traded down $0.22 during trading on Friday, hitting $107.04. 51,289 shares of the stock traded hands, compared to its average volume of 1,826,213. The company has a 50-day moving average of $105.05. Vanguard High Dividend Yield ETF has a 12-month low of $76.29 and a 12-month high of $108.71.

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Institutional Ownership by Quarter for Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

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