Sunburst Financial Group LLC Sells 24,635 Shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Sunburst Financial Group LLC lowered its stake in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 41.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,169 shares of the company’s stock after selling 24,635 shares during the quarter. Vanguard High Dividend Yield ETF accounts for 1.1% of Sunburst Financial Group LLC’s investment portfolio, making the stock its 19th biggest position. Sunburst Financial Group LLC’s holdings in Vanguard High Dividend Yield ETF were worth $4,360,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in VYM. JPMorgan Chase & Co. raised its position in Vanguard High Dividend Yield ETF by 0.4% during the third quarter. JPMorgan Chase & Co. now owns 2,164,681 shares of the company’s stock valued at $277,512,000 after purchasing an additional 9,363 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Vanguard High Dividend Yield ETF by 1.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,163,842 shares of the company’s stock valued at $277,405,000 after purchasing an additional 36,239 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Vanguard High Dividend Yield ETF by 6.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,889,775 shares of the company’s stock valued at $242,269,000 after buying an additional 121,099 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Vanguard High Dividend Yield ETF by 1.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,804,471 shares of the company’s stock valued at $230,233,000 after buying an additional 19,071 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. lifted its position in Vanguard High Dividend Yield ETF by 101.2% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 1,097,218 shares of the company’s stock worth $140,664,000 after buying an additional 552,003 shares during the last quarter.

Vanguard High Dividend Yield ETF Stock Up 0.6 %

NYSEARCA VYM opened at $133.95 on Friday. The company has a 50-day simple moving average of $130.43 and a two-hundred day simple moving average of $128.60. Vanguard High Dividend Yield ETF has a 12-month low of $112.00 and a 12-month high of $135.07. The firm has a market cap of $60.65 billion, a price-to-earnings ratio of 15.88 and a beta of 0.70.

Vanguard High Dividend Yield ETF 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.