Kovack Advisors Inc. Lowers Holdings in Vanguard High Dividend Yield ETF $VYM

Kovack Advisors Inc. cut its holdings in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 2.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,109 shares of the company’s stock after selling 531 shares during the period. Kovack Advisors Inc.’s holdings in Vanguard High Dividend Yield ETF were worth $2,414,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. purchased a new position in Vanguard High Dividend Yield ETF in the 2nd quarter worth approximately $26,000. Moisand Fitzgerald Tamayo LLC purchased a new position in Vanguard High Dividend Yield ETF in the 2nd quarter worth approximately $27,000. Stone House Investment Management LLC purchased a new position in Vanguard High Dividend Yield ETF in the 1st quarter worth approximately $27,000. Financial Management Professionals Inc. purchased a new position in Vanguard High Dividend Yield ETF in the 2nd quarter worth approximately $31,000. Finally, Kiker Wealth Management LLC purchased a new position in Vanguard High Dividend Yield ETF in the 2nd quarter worth approximately $35,000.

Vanguard High Dividend Yield ETF Trading Down 0.4%

NYSEARCA VYM opened at $140.85 on Friday. The stock has a market cap of $65.85 billion, a PE ratio of 17.79 and a beta of 0.79. Vanguard High Dividend Yield ETF has a 12 month low of $112.05 and a 12 month high of $142.49. The stock’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.