Cypress Point Wealth Management LLC Reduces Stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Cypress Point Wealth Management LLC decreased its position in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 9.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,782 shares of the company’s stock after selling 1,190 shares during the period. Cypress Point Wealth Management LLC’s holdings in Vanguard High Dividend Yield ETF were worth $1,382,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers lifted its position in shares of Vanguard High Dividend Yield ETF by 579.6% in the first quarter. Cetera Investment Advisers now owns 1,588,902 shares of the company’s stock valued at $192,241,000 after acquiring an additional 1,355,103 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in Vanguard High Dividend Yield ETF by 6,282.8% during the 2nd quarter. Strategic Financial Concepts LLC now owns 365,925 shares of the company’s stock worth $43,399,000 after buying an additional 360,192 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Vanguard High Dividend Yield ETF during the 2nd quarter worth approximately $27,104,000. LPL Financial LLC increased its position in Vanguard High Dividend Yield ETF by 4.6% in the 2nd quarter. LPL Financial LLC now owns 5,223,678 shares of the company’s stock valued at $619,528,000 after acquiring an additional 228,580 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its position in shares of Vanguard High Dividend Yield ETF by 7.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 2,226,818 shares of the company’s stock valued at $247,649,000 after purchasing an additional 153,146 shares during the period.

Vanguard High Dividend Yield ETF Trading Up 0.5 %

NYSEARCA VYM traded up $0.72 on Friday, reaching $132.50. The stock had a trading volume of 1,065,329 shares, compared to its average volume of 904,791. The business has a 50 day moving average price of $128.11 and a 200 day moving average price of $123.11. Vanguard High Dividend Yield ETF has a 1 year low of $101.53 and a 1 year high of $132.85. The company has a market capitalization of $59.99 billion, a price-to-earnings ratio of 15.88 and a beta of 0.70.

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.