Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Shares Acquired by Kovack Advisors Inc.

Kovack Advisors Inc. increased its stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,057 shares of the company’s stock after acquiring an additional 203 shares during the period. Kovack Advisors Inc.’s holdings in Vanguard High Dividend Yield ETF were worth $2,432,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. FSA Wealth Management LLC purchased a new position in Vanguard High Dividend Yield ETF in the third quarter valued at $26,000. Valley Wealth Managers Inc. increased its holdings in Vanguard High Dividend Yield ETF by 314.8% in the fourth quarter. Valley Wealth Managers Inc. now owns 253 shares of the company’s stock valued at $32,000 after buying an additional 192 shares during the last quarter. Decker Retirement Planning Inc. purchased a new position in Vanguard High Dividend Yield ETF in the fourth quarter valued at $39,000. Wingate Wealth Advisors Inc. purchased a new position in Vanguard High Dividend Yield ETF in the fourth quarter valued at $39,000. Finally, Highline Wealth Partners LLC purchased a new position in Vanguard High Dividend Yield ETF in the third quarter valued at $45,000.

Vanguard High Dividend Yield ETF Stock Performance

Shares of VYM stock opened at $132.91 on Thursday. The stock’s 50-day moving average is $130.94 and its two-hundred day moving average is $129.50. The firm has a market cap of $60.99 billion, a price-to-earnings ratio of 19.65 and a beta of 0.85. Vanguard High Dividend Yield ETF has a 1 year low of $114.37 and a 1 year high of $135.10.

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.