Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Sets New 1-Year High – Should You Buy?

Vanguard High Dividend Yield ETF (NYSEARCA:VYM) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $151.19 and last traded at $151.03, with a volume of 1642757 shares. The stock had previously closed at $149.96.

Vanguard High Dividend Yield ETF Price Performance

The stock has a market cap of $73.43 billion, a price-to-earnings ratio of 17.79 and a beta of 0.79. The firm’s 50-day moving average is $146.44 and its 200 day moving average is $141.78.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in VYM. Gallagher Fiduciary Advisors LLC increased its stake in Vanguard High Dividend Yield ETF by 12,273.0% during the second quarter. Gallagher Fiduciary Advisors LLC now owns 7,981,687 shares of the company’s stock worth $1,064,039,000 after acquiring an additional 7,917,178 shares during the last quarter. Vantagepoint Investment Advisers LLC purchased a new stake in shares of Vanguard High Dividend Yield ETF during the 3rd quarter worth about $316,679,000. Rakuten Investment Management Inc. acquired a new stake in Vanguard High Dividend Yield ETF during the 3rd quarter worth approximately $199,321,000. Cornerstone Planning Group LLC increased its position in Vanguard High Dividend Yield ETF by 57,021.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 526,662 shares of the company’s stock worth $74,233,000 after purchasing an additional 525,740 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Vanguard High Dividend Yield ETF by 493.0% in the third quarter. Wellington Management Group LLP now owns 596,737 shares of the company’s stock valued at $84,110,000 after buying an additional 496,110 shares during the period.

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.