Pinnacle Wealth Management Advisory Group LLC Has $37.37 Million Stake in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Pinnacle Wealth Management Advisory Group LLC boosted its holdings in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 292,873 shares of the company’s stock after purchasing an additional 9,837 shares during the period. Vanguard High Dividend Yield ETF comprises approximately 3.5% of Pinnacle Wealth Management Advisory Group LLC’s portfolio, making the stock its 3rd largest holding. Pinnacle Wealth Management Advisory Group LLC’s holdings in Vanguard High Dividend Yield ETF were worth $37,368,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. J.W. Cole Advisors Inc. raised its stake in shares of Vanguard High Dividend Yield ETF by 0.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 34,483 shares of the company’s stock valued at $4,400,000 after acquiring an additional 128 shares during the last quarter. Opes Wealth Management LLC raised its stake in shares of Vanguard High Dividend Yield ETF by 22.2% during the fourth quarter. Opes Wealth Management LLC now owns 17,407 shares of the company’s stock valued at $2,221,000 after acquiring an additional 3,166 shares during the last quarter. Valmark Advisers Inc. raised its stake in shares of Vanguard High Dividend Yield ETF by 3.3% during the fourth quarter. Valmark Advisers Inc. now owns 181,175 shares of the company’s stock valued at $23,116,000 after acquiring an additional 5,813 shares during the last quarter. MOKAN Wealth Management Inc. bought a new position in shares of Vanguard High Dividend Yield ETF during the fourth quarter valued at about $863,000. Finally, Kuhn & Co Investment Counsel raised its stake in shares of Vanguard High Dividend Yield ETF by 3.2% during the fourth quarter. Kuhn & Co Investment Counsel now owns 16,706 shares of the company’s stock valued at $2,132,000 after acquiring an additional 511 shares during the last quarter.

Vanguard High Dividend Yield ETF Trading Down 0.1 %

Shares of NYSEARCA:VYM opened at $133.77 on Friday. The company has a market cap of $60.57 billion, a price-to-earnings ratio of 15.88 and a beta of 0.70. The company has a 50-day moving average price of $130.47 and a 200-day moving average price of $128.71. Vanguard High Dividend Yield ETF has a 12 month low of $113.00 and a 12 month 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.