Independence Bank of Kentucky Grows Position in Vanguard High Dividend Yield ETF $VYM

Independence Bank of Kentucky boosted its stake in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 1.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 41,343 shares of the company’s stock after buying an additional 533 shares during the quarter. Vanguard High Dividend Yield ETF accounts for about 0.8% of Independence Bank of Kentucky’s holdings, making the stock its 23rd largest position. Independence Bank of Kentucky’s holdings in Vanguard High Dividend Yield ETF were worth $5,511,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of VYM. Kingstone Capital Partners Texas LLC purchased a new position in Vanguard High Dividend Yield ETF during the second quarter valued at $366,524,000. SCS Capital Management LLC purchased a new position in Vanguard High Dividend Yield ETF during the first quarter valued at $198,685,000. Ameriprise Financial Inc. lifted its position in Vanguard High Dividend Yield ETF by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 3,816,873 shares of the company’s stock valued at $492,413,000 after purchasing an additional 372,066 shares in the last quarter. HighTower Advisors LLC lifted its position in Vanguard High Dividend Yield ETF by 26.2% during the first quarter. HighTower Advisors LLC now owns 1,293,248 shares of the company’s stock valued at $166,777,000 after purchasing an additional 268,847 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in Vanguard High Dividend Yield ETF by 15.4% during the first quarter. Jones Financial Companies Lllp now owns 1,882,559 shares of the company’s stock valued at $240,217,000 after purchasing an additional 251,778 shares in the last quarter.

Vanguard High Dividend Yield ETF Stock Performance

NYSEARCA VYM opened at $140.78 on Monday. The company has a market capitalization of $64.49 billion, a PE ratio of 17.79 and a beta of 0.84. The business’s fifty day moving average is $137.99 and its 200 day moving average is $131.52. Vanguard High Dividend Yield ETF has a fifty-two week low of $112.05 and a fifty-two week high of $142.17.

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.