Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Reaches New 12-Month High – Should You Buy?

Vanguard High Dividend Yield ETF (NYSEARCA:VYM) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $131.65 and last traded at $131.65, with a volume of 957 shares trading hands. The stock had previously closed at $131.31.

Vanguard High Dividend Yield ETF Trading Down 0.0 %

The firm has a market capitalization of $59.51 billion, a P/E ratio of 15.88 and a beta of 0.70. The business has a 50 day moving average of $126.54 and a 200-day moving average of $121.86.

Institutional Investors Weigh In On Vanguard High Dividend Yield ETF

Several large investors have recently made changes to their positions in VYM. Chris Bulman Inc acquired a new stake in Vanguard High Dividend Yield ETF in the 2nd quarter valued at approximately $26,000. Central Pacific Bank Trust Division acquired a new stake in shares of Vanguard High Dividend Yield ETF in the first quarter valued at approximately $27,000. Cultivar Capital Inc. acquired a new stake in shares of Vanguard High Dividend Yield ETF in the second quarter valued at approximately $36,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Vanguard High Dividend Yield ETF in the first quarter worth $44,000. Finally, Clean Yield Group acquired a new position in Vanguard High Dividend Yield ETF during the first quarter worth $44,000.

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.