Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Hits New 1-Year High – Here’s Why

Vanguard High Dividend Yield ETF (NYSEARCA:VYM) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $133.61 and last traded at $133.59, with a volume of 683109 shares traded. The stock had previously closed at $132.50.

Vanguard High Dividend Yield ETF Stock Performance

The business has a fifty day moving average of $129.44 and a 200-day moving average of $124.16. The company has a market capitalization of $60.50 billion, a P/E ratio of 15.88 and a beta of 0.70.

Hedge Funds Weigh In On Vanguard High Dividend Yield ETF

A number of large investors have recently modified their holdings of VYM. Cetera Investment Advisers lifted its stake in Vanguard High Dividend Yield ETF by 579.6% during the 1st quarter. Cetera Investment Advisers now owns 1,588,902 shares of the company’s stock valued at $192,241,000 after acquiring an additional 1,355,103 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its stake in Vanguard High Dividend Yield ETF by 101.2% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 1,097,218 shares of the company’s stock valued at $140,664,000 after acquiring an additional 552,003 shares in the last quarter. Accredited Investors Inc. lifted its stake in Vanguard High Dividend Yield ETF by 18,516.9% during the 3rd quarter. Accredited Investors Inc. now owns 399,705 shares of the company’s stock valued at $51,242,000 after acquiring an additional 397,558 shares in the last quarter. Strategic Financial Concepts LLC lifted its stake in Vanguard High Dividend Yield ETF by 6,282.8% during the 2nd quarter. Strategic Financial Concepts LLC now owns 365,925 shares of the company’s stock valued at $43,399,000 after acquiring an additional 360,192 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Vanguard High Dividend Yield ETF during the 2nd quarter valued at $27,104,000.

Vanguard High Dividend Yield ETF Company 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.