HM Payson & Co. Sells 299 Shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

HM Payson & Co. cut its holdings in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 2.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,165 shares of the company’s stock after selling 299 shares during the quarter. HM Payson & Co.’s holdings in Vanguard High Dividend Yield ETF were worth $1,230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VYM. International Assets Investment Management LLC bought a new stake in shares of Vanguard High Dividend Yield ETF in the 4th quarter valued at about $254,023,000. Pathstone Holdings LLC bought a new stake in shares of Vanguard High Dividend Yield ETF in the 4th quarter valued at about $164,899,000. Cetera Investment Advisers raised its holdings in shares of Vanguard High Dividend Yield ETF by 579.6% in the 1st quarter. Cetera Investment Advisers now owns 1,588,902 shares of the company’s stock valued at $192,241,000 after purchasing an additional 1,355,103 shares during the period. Sanibel Captiva Trust Company Inc. bought a new stake in shares of Vanguard High Dividend Yield ETF in the 4th quarter valued at about $97,395,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in shares of Vanguard High Dividend Yield ETF in the 1st quarter valued at about $66,489,000.

Vanguard High Dividend Yield ETF Stock Down 1.7 %

Shares of VYM stock traded down $2.04 on Friday, reaching $120.61. The stock had a trading volume of 1,166,159 shares, compared to its average volume of 967,542. The firm’s 50-day moving average is $120.20 and its two-hundred day moving average is $117.85. The firm has a market capitalization of $54.61 billion, a price-to-earnings ratio of 15.88 and a beta of 0.70. Vanguard High Dividend Yield ETF has a 12 month low of $98.40 and a 12 month high of $125.07.

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.