Pekin Hardy Strauss Inc. Increases Position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Pekin Hardy Strauss Inc. raised its position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 4.6% during the fourth quarter, Holdings Channel reports. The firm owned 25,650 shares of the company’s stock after buying an additional 1,136 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Vanguard High Dividend Yield ETF were worth $3,273,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VYM. FSA Wealth Management LLC purchased a new stake in Vanguard High Dividend Yield ETF in the third quarter valued at approximately $26,000. Valley Wealth Managers Inc. increased its position in shares of Vanguard High Dividend Yield ETF by 314.8% during the fourth quarter. Valley Wealth Managers Inc. now owns 253 shares of the company’s stock worth $32,000 after acquiring an additional 192 shares during the period. Decker Retirement Planning Inc. purchased a new stake in shares of Vanguard High Dividend Yield ETF during the fourth quarter worth $39,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Vanguard High Dividend Yield ETF during the fourth quarter worth $39,000. Finally, Highline Wealth Partners LLC purchased a new stake in shares of Vanguard High Dividend Yield ETF during the third quarter worth $45,000.

Vanguard High Dividend Yield ETF Trading Down 1.0 %

Vanguard High Dividend Yield ETF stock opened at $133.32 on Friday. Vanguard High Dividend Yield ETF has a twelve month low of $114.37 and a twelve month high of $135.10. The stock’s fifty day simple moving average is $130.76 and its 200-day simple moving average is $129.22. The firm has a market capitalization of $60.37 billion, a P/E 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.