First Citizens Asset Management Inc. Reduces Position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

First Citizens Asset Management Inc. trimmed its position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 4.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,462 shares of the company’s stock after selling 284 shares during the quarter. Vanguard High Dividend Yield ETF makes up approximately 0.2% of First Citizens Asset Management Inc.’s portfolio, making the stock its 16th biggest holding. First Citizens Asset Management Inc.’s holdings in Vanguard High Dividend Yield ETF were worth $700,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Chris Bulman Inc purchased a new position in Vanguard High Dividend Yield ETF in the 2nd quarter worth approximately $26,000. Central Pacific Bank Trust Division bought a new stake in shares of Vanguard High Dividend Yield ETF in the 1st quarter worth approximately $27,000. Cultivar Capital Inc. purchased a new position in shares of Vanguard High Dividend Yield ETF in the 2nd quarter worth about $36,000. Clean Yield Group bought a new stake in shares of Vanguard High Dividend Yield ETF during the first quarter valued at approximately $44,000. Finally, Highline Wealth Partners LLC bought a new position in shares of Vanguard High Dividend Yield ETF during the third quarter valued at $45,000.

Vanguard High Dividend Yield ETF Price Performance

Vanguard High Dividend Yield ETF stock traded up $0.77 during midday trading on Tuesday, reaching $128.06. 166,442 shares of the company traded hands, compared to its average volume of 900,330. The firm has a market capitalization of $57.98 billion, a price-to-earnings ratio of 15.88 and a beta of 0.70. The business has a 50 day moving average of $127.71 and a two-hundred day moving average of $122.79. Vanguard High Dividend Yield ETF has a 12 month low of $101.53 and a 12 month high of $131.85.

Vanguard High Dividend Yield ETF Profile

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.