Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Reaches New 1-Year High – Here’s What Happened

Vanguard High Dividend Yield ETF (NYSEARCA:VYM)’s share price reached a new 52-week high on Wednesday . The company traded as high as $161.75 and last traded at $161.71, with a volume of 177258 shares trading hands. The stock had previously closed at $160.50.

Vanguard High Dividend Yield ETF Stock Down 0.2%

The stock has a fifty day moving average of $159.12 and a two-hundred day moving average of $154.21. The stock has a market cap of $80.60 billion, a price-to-earnings ratio of 17.79 and a beta of 0.73.

Institutional Investors Weigh In On Vanguard High Dividend Yield ETF

Several institutional investors have recently made changes to their positions in the stock. Merit Financial Group LLC grew its stake in shares of Vanguard High Dividend Yield ETF by 1.4% during the 2nd quarter. Merit Financial Group LLC now owns 294,968 shares of the company’s stock worth $46,614,000 after purchasing an additional 4,063 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC lifted its stake in shares of Vanguard High Dividend Yield ETF by 0.3% in the second quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 22,874 shares of the company’s stock valued at $3,615,000 after purchasing an additional 63 shares during the period. Heartwood Wealth Advisors LLC boosted its holdings in Vanguard High Dividend Yield ETF by 3.3% during the second quarter. Heartwood Wealth Advisors LLC now owns 277,781 shares of the company’s stock worth $43,898,000 after buying an additional 8,859 shares in the last quarter. Liberty Capital Management Inc. purchased a new stake in Vanguard High Dividend Yield ETF during the second quarter worth about $1,475,000. Finally, Formidable Asset Management LLC boosted its holdings in Vanguard High Dividend Yield ETF by 1.3% during the second quarter. Formidable Asset Management LLC now owns 13,385 shares of the company’s stock worth $1,982,000 after buying an additional 170 shares in the last quarter.

Vanguard High Dividend Yield ETF Company Profile

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.