Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Sets New 52-Week High – Time to Buy?

Vanguard High Dividend Yield ETF (NYSEARCA:VYM)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $135.05 and last traded at $134.28, with a volume of 658140 shares traded. The stock had previously closed at $134.46.

Vanguard High Dividend Yield ETF Stock Performance

The firm’s 50-day moving average is $130.17 and its 200 day moving average is $124.65. The firm has a market capitalization of $61.01 billion, a PE ratio of 15.88 and a beta of 0.70.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. QRG Capital Management Inc. increased its stake in shares of Vanguard High Dividend Yield ETF by 67.2% during the 2nd quarter. QRG Capital Management Inc. now owns 11,733 shares of the company’s stock valued at $1,392,000 after acquiring an additional 4,714 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Vanguard High Dividend Yield ETF by 13.1% during the 1st quarter. Janus Henderson Group PLC now owns 43,857 shares of the company’s stock valued at $5,306,000 after acquiring an additional 5,068 shares during the last quarter. Burke & Herbert Bank & Trust Co. increased its stake in shares of Vanguard High Dividend Yield ETF by 6.7% during the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 19,342 shares of the company’s stock valued at $2,294,000 after acquiring an additional 1,212 shares during the last quarter. Financial Perspectives Inc increased its stake in shares of Vanguard High Dividend Yield ETF by 0.5% during the 2nd quarter. Financial Perspectives Inc now owns 134,440 shares of the company’s stock valued at $15,945,000 after acquiring an additional 705 shares during the last quarter. Finally, Norden Group LLC increased its stake in shares of Vanguard High Dividend Yield ETF by 4.9% during the 2nd quarter. Norden Group LLC now owns 3,048 shares of the company’s stock valued at $362,000 after acquiring an additional 143 shares during 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.