Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Hits New 52-Week High – Should You Buy?

Vanguard High Dividend Yield ETF (NYSEARCA:VYM) reached a new 52-week high during trading on Thursday . The company traded as high as $135.05 and last traded at $134.28, with a volume of 658140 shares. The stock had previously closed at $134.46.

Vanguard High Dividend Yield ETF Stock Performance

The company has a market capitalization of $60.80 billion, a P/E ratio of 15.88 and a beta of 0.70. The stock has a 50 day moving average price of $129.89 and a 200 day moving average price of $124.48.

Institutional Investors Weigh In On Vanguard High Dividend Yield ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC raised its stake in Vanguard High Dividend Yield ETF by 4.6% in the 2nd quarter. LPL Financial LLC now owns 5,223,678 shares of the company’s stock valued at $619,528,000 after acquiring an additional 228,580 shares during the period. Envestnet Asset Management Inc. grew its holdings in Vanguard High Dividend Yield ETF by 1.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,000,642 shares of the company’s stock valued at $593,076,000 after buying an additional 59,826 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Vanguard High Dividend Yield ETF by 7.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 2,226,818 shares of the company’s stock valued at $247,649,000 after buying an additional 153,146 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in Vanguard High Dividend Yield ETF by 1.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,163,842 shares of the company’s stock valued at $277,405,000 after buying an additional 36,239 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Vanguard High Dividend Yield ETF by 6.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,889,775 shares of the company’s stock valued at $242,269,000 after buying an additional 121,099 shares in the last quarter.

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.