Vanguard High Dividend Yield ETF (NYSEARCA:VYM) is Penney Financial LLC’s 4th Largest Position

Penney Financial LLC decreased its position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 0.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,487 shares of the company’s stock after selling 258 shares during the quarter. Vanguard High Dividend Yield ETF accounts for approximately 6.8% of Penney Financial LLC’s portfolio, making the stock its 4th largest position. Penney Financial LLC’s holdings in Vanguard High Dividend Yield ETF were worth $9,934,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its stake in shares of Vanguard High Dividend Yield ETF by 4.6% in the second quarter. LPL Financial LLC now owns 5,223,678 shares of the company’s stock valued at $619,528,000 after purchasing an additional 228,580 shares during the period. Envestnet Asset Management Inc. boosted its position in Vanguard High Dividend Yield ETF by 1.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,000,642 shares of the company’s stock valued at $593,076,000 after buying an additional 59,826 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in Vanguard High Dividend Yield ETF by 7.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 2,226,818 shares of the company’s stock valued at $247,649,000 after buying an additional 153,146 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Vanguard High Dividend Yield ETF by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 2,164,681 shares of the company’s stock worth $277,512,000 after acquiring an additional 9,363 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of Vanguard High Dividend Yield ETF by 1.7% in the third quarter. Commonwealth Equity Services LLC now owns 2,163,842 shares of the company’s stock valued at $277,405,000 after acquiring an additional 36,239 shares in the last quarter.

Vanguard High Dividend Yield ETF Price Performance

Shares of NYSEARCA VYM opened at $127.32 on Tuesday. The company has a market cap of $57.65 billion, a price-to-earnings ratio of 15.88 and a beta of 0.70. The stock’s 50-day moving average is $130.77 and its two-hundred day moving average is $126.32. Vanguard High Dividend Yield ETF has a 1-year low of $109.47 and a 1-year high of $135.07.

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.