Beacon Financial Group Has $31.80 Million Position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Beacon Financial Group reduced its position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 0.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 249,220 shares of the company’s stock after selling 2,192 shares during the period. Vanguard High Dividend Yield ETF makes up about 3.4% of Beacon Financial Group’s investment portfolio, making the stock its 3rd largest position. Beacon Financial Group’s holdings in Vanguard High Dividend Yield ETF were worth $31,798,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. FSA Wealth Management LLC purchased a new stake in shares of Vanguard High Dividend Yield ETF during the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new position in Vanguard High Dividend Yield ETF during the fourth quarter valued at approximately $39,000. Wingate Wealth Advisors Inc. purchased a new stake in Vanguard High Dividend Yield ETF in the fourth quarter worth approximately $39,000. Highline Wealth Partners LLC bought a new stake in Vanguard High Dividend Yield ETF in the 3rd quarter worth approximately $45,000. Finally, Heck Capital Advisors LLC bought a new stake in Vanguard High Dividend Yield ETF in the 4th quarter worth approximately $45,000.

Vanguard High Dividend Yield ETF Price Performance

NYSEARCA VYM opened at $133.81 on Wednesday. The stock has a market capitalization of $60.59 billion, a price-to-earnings ratio of 15.88 and a beta of 0.70. Vanguard High Dividend Yield ETF has a 1-year low of $111.31 and a 1-year high of $135.07. The business’s fifty day moving average price is $130.41 and its 200-day moving average price is $128.50.

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.