Saxon Interests Inc. Increases Stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Saxon Interests Inc. lifted its stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 14.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 7,720 shares of the company’s stock after buying an additional 979 shares during the quarter. Saxon Interests Inc.’s holdings in Vanguard High Dividend Yield ETF were worth $934,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VYM. DiNuzzo Private Wealth Inc. purchased a new stake in Vanguard High Dividend Yield ETF in the 4th quarter worth $25,000. Sachetta LLC bought a new stake in shares of Vanguard High Dividend Yield ETF in the fourth quarter worth about $26,000. First United Bank & Trust bought a new stake in shares of Vanguard High Dividend Yield ETF in the fourth quarter worth about $33,000. JNBA Financial Advisors purchased a new stake in shares of Vanguard High Dividend Yield ETF in the fourth quarter worth about $33,000. Finally, Halpern Financial Inc. bought a new position in Vanguard High Dividend Yield ETF during the fourth quarter valued at approximately $34,000.

Vanguard High Dividend Yield ETF Stock Performance

NYSEARCA:VYM traded up $0.36 during trading hours on Tuesday, reaching $118.70. The stock had a trading volume of 606,640 shares, compared to its average volume of 989,677. The stock has a market capitalization of $53.75 billion, a PE ratio of 15.88 and a beta of 0.70. Vanguard High Dividend Yield ETF has a 52 week low of $98.40 and a 52 week high of $121.64. The company has a 50 day moving average price of $118.92 and a two-hundred day moving average price of $116.17.

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.