Sovereign Financial Group Inc. Has $6.43 Million Holdings in Vanguard High Dividend Yield ETF $VYM

Sovereign Financial Group Inc. boosted its holdings in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 9.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,609 shares of the company’s stock after purchasing an additional 3,999 shares during the period. Vanguard High Dividend Yield ETF comprises about 1.2% of Sovereign Financial Group Inc.’s portfolio, making the stock its 18th largest holding. Sovereign Financial Group Inc.’s holdings in Vanguard High Dividend Yield ETF were worth $6,429,000 at the end of the most recent quarter.

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

Vanguard High Dividend Yield ETF Stock Performance

Shares of VYM stock opened at $145.09 on Friday. Vanguard High Dividend Yield ETF has a 52-week low of $112.05 and a 52-week high of $147.88. The stock has a market cap of $67.84 billion, a price-to-earnings ratio of 17.79 and a beta of 0.79. The firm’s 50-day moving average is $142.67 and its 200-day moving average is $138.92.

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.