Gray Wealth Management Inc. Reduces Stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Gray Wealth Management Inc. trimmed its holdings in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 10.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,318 shares of the company’s stock after selling 721 shares during the quarter. Gray Wealth Management Inc.’s holdings in Vanguard High Dividend Yield ETF were worth $705,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Providence Capital Advisors LLC purchased a new position in Vanguard High Dividend Yield ETF during the 3rd quarter worth approximately $25,000. Sunbelt Securities Inc. purchased a new stake in shares of Vanguard High Dividend Yield ETF in the first quarter valued at about $32,000. Halpern Financial Inc. acquired a new position in shares of Vanguard High Dividend Yield ETF during the fourth quarter worth about $34,000. BluePath Capital Management LLC purchased a new position in Vanguard High Dividend Yield ETF during the third quarter worth about $39,000. Finally, Fortitude Family Office LLC purchased a new stake in Vanguard High Dividend Yield ETF in the 4th quarter valued at approximately $45,000.

Vanguard High Dividend Yield ETF Price Performance

Shares of VYM stock traded up $0.26 during trading hours on Thursday, reaching $114.97. 1,097,070 shares of the company’s stock were exchanged, compared to its average volume of 1,148,845. Vanguard High Dividend Yield ETF has a 1 year low of $98.40 and a 1 year high of $121.29. The company has a market cap of $52.06 billion, a P/E ratio of 15.82 and a beta of 0.73. The company’s 50 day moving average is $116.87 and its two-hundred day moving average is $110.61.

Vanguard High Dividend Yield ETF 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.