Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Hits New 12-Month High – Here’s Why

Vanguard High Dividend Yield ETF (NYSEARCA:VYM)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $157.35 and last traded at $157.19, with a volume of 932863 shares traded. The stock had previously closed at $154.50.

Vanguard High Dividend Yield ETF Stock Performance

The firm has a market cap of $76.76 billion, a price-to-earnings ratio of 17.79 and a beta of 0.73. The business’s 50-day moving average is $151.48 and its 200-day moving average is $147.56.

Institutional Investors Weigh In On Vanguard High Dividend Yield ETF

A number of hedge funds have recently made changes to their positions in VYM. Lloyd Advisory Services LLC. acquired a new stake in shares of Vanguard High Dividend Yield ETF during the 4th quarter worth about $25,000. PayPay Securities Corp increased its position in shares of Vanguard High Dividend Yield ETF by 75.8% during the 1st quarter. PayPay Securities Corp now owns 174 shares of the company’s stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Dorato Capital Management acquired a new stake in Vanguard High Dividend Yield ETF in the 4th quarter valued at about $30,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Vanguard High Dividend Yield ETF in the 3rd quarter valued at about $31,000. Finally, LRI Investments LLC increased its position in Vanguard High Dividend Yield ETF by 400.0% in the 4th quarter. LRI Investments LLC now owns 250 shares of the company’s stock valued at $36,000 after acquiring an additional 200 shares in the last quarter.

About Vanguard High Dividend Yield ETF

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.