Pinnacle Associates Ltd. Acquires 9,891 Shares of Vanguard High Dividend Yield ETF $VYM

Pinnacle Associates Ltd. raised its holdings in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 1.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 528,524 shares of the company’s stock after buying an additional 9,891 shares during the period. Vanguard High Dividend Yield ETF comprises approximately 1.0% of Pinnacle Associates Ltd.’s investment portfolio, making the stock its 15th biggest holding. Pinnacle Associates Ltd. owned approximately 0.12% of Vanguard High Dividend Yield ETF worth $70,458,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Atwood & Palmer Inc. bought a new stake in Vanguard High Dividend Yield ETF in the second quarter valued at approximately $26,000. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Vanguard High Dividend Yield ETF during the second quarter worth approximately $27,000. Stone House Investment Management LLC bought a new position in shares of Vanguard High Dividend Yield ETF during the first quarter worth approximately $27,000. Financial Management Professionals Inc. bought a new position in shares of Vanguard High Dividend Yield ETF during the second quarter worth approximately $31,000. Finally, Kiker Wealth Management LLC bought a new position in shares of Vanguard High Dividend Yield ETF during the second quarter worth approximately $35,000.

Vanguard High Dividend Yield ETF Trading Down 0.4%

Shares of NYSEARCA VYM opened at $140.85 on Friday. The firm has a market cap of $65.85 billion, a P/E ratio of 17.79 and a beta of 0.79. Vanguard High Dividend Yield ETF has a 1-year low of $112.05 and a 1-year high of $142.49. The business’s 50 day moving average is $140.36 and its 200-day moving average is $134.07.

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.