Towercrest Capital Management Reduces Stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Towercrest Capital Management lowered its holdings in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 34.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,455 shares of the company’s stock after selling 1,310 shares during the period. Towercrest Capital Management’s holdings in Vanguard High Dividend Yield ETF were worth $313,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of VYM. FSA Wealth Management LLC bought a new position in shares of Vanguard High Dividend Yield ETF in the 3rd quarter worth approximately $26,000. Valley Wealth Managers Inc. raised its position in shares of Vanguard High Dividend Yield ETF by 314.8% in the 4th quarter. Valley Wealth Managers Inc. now owns 253 shares of the company’s stock worth $32,000 after acquiring an additional 192 shares in the last quarter. Runnymede Capital Advisors Inc. bought a new position in shares of Vanguard High Dividend Yield ETF in the 4th quarter worth approximately $34,000. Decker Retirement Planning Inc. bought a new position in shares of Vanguard High Dividend Yield ETF in the 4th quarter worth approximately $39,000. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Vanguard High Dividend Yield ETF in the 4th quarter worth approximately $39,000.

Vanguard High Dividend Yield ETF Stock Performance

Shares of NYSEARCA:VYM opened at $128.40 on Monday. Vanguard High Dividend Yield ETF has a 52-week low of $114.37 and a 52-week high of $135.10. The firm has a market capitalization of $59.04 billion, a P/E ratio of 18.95 and a beta of 0.83. The stock has a 50 day moving average price of $131.61 and a 200-day moving average price of $130.16.

Vanguard High Dividend Yield ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, March 21st will be given a dividend of $0.85 per share. The ex-dividend date is Friday, March 21st.

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.