Procyon Advisors LLC has increased its investment in the Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 5.2% during the third quarter of 2023. According to the firm’s recent filing with the Securities and Exchange Commission, Procyon now holds a total of 114,205 shares after acquiring an additional 5,653 shares during this period. This investment represents 0.3% of Procyon Advisors’ overall portfolio, making VYM its 23rd largest holding.
At the conclusion of the most recent quarter, the value of Procyon Advisors’ holdings in the Vanguard High Dividend Yield ETF was approximately $16,097,000. The ETF itself has attracted attention from several other investment firms as well. For instance, Moisand Fitzgerald Tamayo LLC entered a new position in the Vanguard High Dividend Yield ETF in the second quarter, valued at about $27,000. Additionally, Financial Management Professionals Inc. purchased a new stake worth approximately $31,000 during the same period.
Strategic Investment Solutions Inc. also increased its stake in VYM by 92.0%, resulting in ownership of 263 shares valued at $35,000 after acquiring an additional 126 shares. Other firms, including Kiker Wealth Management LLC and Nvwm LLC, also made new acquisitions valued around $35,000 each in the second quarter.
Market Performance and Fund Overview
As of Thursday, shares of Vanguard High Dividend Yield ETF opened at $148.07. Over the past year, the ETF has seen a low of $112.05 and a high of $148.15. The company’s market capitalization stands at $71.16 billion, with a price-to-earnings ratio of 17.79 and a beta of 0.79. The 50-day moving average price is $143.96, while the 200-day moving average price is $140.26.
The Vanguard High Dividend Yield ETF was launched on November 10, 2006. It aims to track the FTSE Custom High Dividend Yield Index by selecting high-dividend-paying U.S. companies, excluding Real Estate Investment Trusts (REITs), and weighting them by market capitalization. Managed by Vanguard, the fund has become a significant option for investors seeking income through dividends.
For updates on hedge fund holdings and insider trades related to the Vanguard High Dividend Yield ETF, interested parties can refer to platforms like HoldingsChannel.com.
