Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Sets New 52-Week High – Here’s Why

Shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) reached a new 52-week high on Thursday . The stock traded as high as $149.22 and last traded at $148.9360, with a volume of 484965 shares trading hands. The stock had previously closed at $148.28.

Vanguard High Dividend Yield ETF Trading Down 0.5%

The company has a market capitalization of $70.98 billion, a P/E ratio of 17.79 and a beta of 0.79. The stock’s 50-day moving average price is $144.95 and its 200-day moving average price is $140.87.

Institutional Investors Weigh In On Vanguard High Dividend Yield ETF

A number of hedge funds have recently added to or reduced their stakes in VYM. Gallagher Fiduciary Advisors LLC increased its stake in shares of Vanguard High Dividend Yield ETF by 12,273.0% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 7,981,687 shares of the company’s stock valued at $1,064,039,000 after purchasing an additional 7,917,178 shares during the period. Raymond James Financial Inc. grew its holdings in Vanguard High Dividend Yield ETF by 2.4% in the 2nd quarter. Raymond James Financial Inc. now owns 7,491,066 shares of the company’s stock worth $998,634,000 after buying an additional 178,904 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Vanguard High Dividend Yield ETF by 3.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,673,036 shares of the company’s stock valued at $622,955,000 after acquiring an additional 149,645 shares during the period. Ameriprise Financial Inc. boosted its position in Vanguard High Dividend Yield ETF by 1.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,019,262 shares of the company’s stock worth $566,458,000 after acquiring an additional 64,127 shares during the period. Finally, Wellspring Financial Advisors LLC grew its stake in shares of Vanguard High Dividend Yield ETF by 0.6% in the second quarter. Wellspring Financial Advisors LLC now owns 2,787,908 shares of the company’s stock worth $371,656,000 after purchasing an additional 15,677 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.