Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Hits New 1-Year High – Still a Buy?

Vanguard High Dividend Yield ETF (NYSEARCA:VYM)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $164.44 and last traded at $164.40, with a volume of 687235 shares changing hands. The stock had previously closed at $162.79.

Vanguard High Dividend Yield ETF Trading Up 1.6%

The stock has a market cap of $82.67 billion, a price-to-earnings ratio of 17.79 and a beta of 0.73. The stock’s 50-day moving average price is $159.87 and its 200-day moving average price is $154.99.

Hedge Funds Weigh In On Vanguard High Dividend Yield ETF

Several hedge funds and other institutional investors have recently bought and sold shares of VYM. Auto Owners Insurance Co raised its position in shares of Vanguard High Dividend Yield ETF by 20,425.2% in the 4th quarter. Auto Owners Insurance Co now owns 148,643,664 shares of the company’s stock worth $21,333,339,000 after acquiring an additional 147,919,464 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Vanguard High Dividend Yield ETF by 1.8% during the 1st quarter. Bank of America Corp DE now owns 12,758,401 shares of the company’s stock valued at $1,889,519,000 after purchasing an additional 229,521 shares in the last quarter. Morgan Stanley boosted its position in shares of Vanguard High Dividend Yield ETF by 1.6% during the 4th quarter. Morgan Stanley now owns 10,202,996 shares of the company’s stock valued at $1,464,334,000 after purchasing an additional 161,311 shares in the last quarter. Raymond James Financial Inc. grew its stake in Vanguard High Dividend Yield ETF by 3.7% during the fourth quarter. Raymond James Financial Inc. now owns 7,720,006 shares of the company’s stock worth $1,107,975,000 after purchasing an additional 274,754 shares during the period. Finally, LPL Financial LLC grew its stake in Vanguard High Dividend Yield ETF by 5.3% during the fourth quarter. LPL Financial LLC now owns 6,820,119 shares of the company’s stock worth $978,823,000 after purchasing an additional 345,129 shares during the period.

About Vanguard High Dividend Yield ETF

Vanguard High Dividend Yield ETF (NYSEARCA: VYM) is an exchange-traded fund designed to track the performance of the FTSE High Dividend Yield Index. The fund seeks to provide exposure to U.S. companies that are forecast to pay above-average dividends, offering investors a diversified way to access income-generating equities.

The ETF primarily invests in large-cap U.S. stocks across a range of sectors, with holdings selected for their dividend characteristics rather than active stock-picking.