ArborFi Advisors LLC Decreases Stake in Vanguard High Dividend Yield ETF $VYM

ArborFi Advisors LLC trimmed its stake in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 13.0% in the third quarter, Holdings Channel.com reports. The firm owned 57,710 shares of the company’s stock after selling 8,630 shares during the quarter. Vanguard High Dividend Yield ETF comprises approximately 6.6% of ArborFi Advisors LLC’s investment portfolio, making the stock its 4th biggest position. ArborFi Advisors LLC’s holdings in Vanguard High Dividend Yield ETF were worth $8,134,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Gallagher Fiduciary Advisors LLC grew its stake in shares of Vanguard High Dividend Yield ETF by 12,273.0% during the second quarter. Gallagher Fiduciary Advisors LLC now owns 7,981,687 shares of the company’s stock worth $1,064,039,000 after buying an additional 7,917,178 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Vanguard High Dividend Yield ETF by 2.4% during the 2nd quarter. Raymond James Financial Inc. now owns 7,491,066 shares of the company’s stock valued at $998,634,000 after acquiring an additional 178,904 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Vanguard High Dividend Yield ETF by 3.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,673,036 shares of the company’s stock valued at $622,955,000 after acquiring an additional 149,645 shares in the last quarter. Ameriprise Financial Inc. grew its position in Vanguard High Dividend Yield ETF by 3.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,955,135 shares of the company’s stock worth $527,659,000 after acquiring an additional 138,262 shares during the last quarter. Finally, Wellspring Financial Advisors LLC increased its holdings in Vanguard High Dividend Yield ETF by 0.6% in the 2nd quarter. Wellspring Financial Advisors LLC now owns 2,787,908 shares of the company’s stock worth $371,656,000 after purchasing an additional 15,677 shares in the last quarter.

Vanguard High Dividend Yield ETF Trading Up 0.1%

Vanguard High Dividend Yield ETF stock opened at $148.69 on Thursday. The stock has a 50-day moving average price of $145.49 and a two-hundred day moving average price of $141.20. Vanguard High Dividend Yield ETF has a 12 month low of $112.05 and a 12 month high of $149.23. The company has a market capitalization of $71.46 billion, a PE ratio of 17.79 and a beta of 0.79.

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.