Bank of Hawaii Sells 16,828 Shares of Vanguard High Dividend Yield ETF $VYM

Core Viewpoint - Bank of Hawaii has reduced its holdings in the Vanguard High Dividend Yield ETF by 7.4% in the third quarter, indicating a strategic adjustment in its investment portfolio [2]. Group 1: Bank of Hawaii's Holdings - Bank of Hawaii owned 210,330 shares of Vanguard High Dividend Yield ETF after selling 16,828 shares during the third quarter [2]. - The ETF represents approximately 1.5% of Bank of Hawaii's total portfolio, making it the firm's 16th largest holding [2]. - The value of Bank of Hawaii's holdings in the ETF was $29,646,000 at the end of the most recent reporting period [2]. Group 2: Other Institutional Investors' Activities - D.A. Davidson & CO. increased its holdings in the ETF by 9.7%, now owning 761,156 shares valued at $107,285,000 after acquiring an additional 67,412 shares [3]. - Bay Colony Advisory Group Inc. raised its position by 55.5%, owning 10,938 shares worth $1,542,000 after acquiring 3,903 shares [3]. - Aspire Capital Advisors LLC boosted its holdings by 44.0%, now owning 39,556 shares valued at $5,575,000 after acquiring 12,080 shares [3]. - Etesian Wealth Advisors Inc. grew its position by 103.8%, owning 12,225 shares valued at $1,723,000 after purchasing 6,225 shares [3]. - CVA Family Office LLC increased its stake by 12.6%, now owning 52,067 shares worth $7,339,000 after purchasing 5,830 shares [3]. Group 3: ETF Performance Metrics - Vanguard High Dividend Yield ETF opened at $148.43, with a market cap of $71.33 billion and a P/E ratio of 17.79 [4]. - The ETF has a beta of 0.79, indicating lower volatility compared to the market [4]. - The 50-day simple moving average is $151.26, while the 200-day simple moving average is $145.04 [4]. - The ETF has experienced a 1-year low of $112.05 and a 1-year high of $157.29 [4]. Group 4: ETF Overview - Vanguard High Dividend Yield ETF (VYM) is based on the FTSE Custom High Dividend Yield index, tracking high-dividend-paying US companies, excluding REITs [5]. - The fund was launched on November 10, 2006, and is managed by Vanguard [5].