Sage Financial Management Group Inc. Acquires Shares of 61,337 Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Sage Financial Management Group Inc. purchased a new position in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) in the third quarter, Holdings Channel.com reports. The fund purchased 61,337 shares of the company’s stock, valued at approximately $7,863,000. Vanguard High Dividend Yield ETF makes up approximately 3.0% of Sage Financial Management Group Inc.’s portfolio, making the stock its 12th largest position.

A number of other institutional investors also recently modified their holdings of VYM. Chris Bulman Inc bought a new stake in shares of Vanguard High Dividend Yield ETF in the 2nd quarter valued at about $26,000. Central Pacific Bank Trust Division purchased a new stake in shares of Vanguard High Dividend Yield ETF during the first quarter valued at approximately $27,000. Cultivar Capital Inc. bought a new position in Vanguard High Dividend Yield ETF during the second quarter valued at $36,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Vanguard High Dividend Yield ETF in the first quarter worth $44,000. Finally, Clean Yield Group bought a new position in shares of Vanguard High Dividend Yield ETF in the first quarter worth $44,000.

Vanguard High Dividend Yield ETF Trading Down 0.0 %

VYM opened at $131.43 on Friday. The stock has a 50-day moving average price of $126.54 and a 200-day moving average price of $121.86. The stock has a market capitalization of $59.51 billion, a P/E 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 $131.85.

Vanguard High Dividend Yield ETF Company 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.