Vanguard International High Dividend Yield ETF (NASDAQ:VYMI) Sees Strong Trading Volume – Here’s Why

Vanguard International High Dividend Yield ETF (NASDAQ:VYMI) shares saw strong trading volume on Tuesday . 389,022 shares traded hands during trading, an increase of 8% from the previous session’s volume of 360,711 shares.The stock last traded at $67.88 and had previously closed at $67.62.

Vanguard International High Dividend Yield ETF Stock Performance

The stock has a 50-day simple moving average of $70.49 and a 200 day simple moving average of $70.60. The stock has a market capitalization of $7.55 billion, a P/E ratio of 9.68 and a beta of 0.81.

Vanguard International High Dividend Yield ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Friday, December 20th were issued a $0.9647 dividend. This is a boost from Vanguard International High Dividend Yield ETF’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, December 20th. This represents a $3.86 annualized dividend and a yield of 5.68%.

Institutional Trading of Vanguard International High Dividend Yield ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in VYMI. Abound Wealth Management grew its position in shares of Vanguard International High Dividend Yield ETF by 2,684.6% during the 2nd quarter. Abound Wealth Management now owns 362 shares of the company’s stock worth $25,000 after buying an additional 349 shares during the period. Eastern Bank acquired a new stake in Vanguard International High Dividend Yield ETF during the 3rd quarter worth $29,000. Blue Trust Inc. acquired a new stake in Vanguard International High Dividend Yield ETF during the 3rd quarter worth $44,000. Kimelman & Baird LLC bought a new stake in shares of Vanguard International High Dividend Yield ETF during the 2nd quarter valued at $48,000. Finally, National Bank of Canada FI lifted its stake in shares of Vanguard International High Dividend Yield ETF by 154.7% in the 2nd quarter. National Bank of Canada FI now owns 917 shares of the company’s stock valued at $63,000 after purchasing an additional 557 shares during the period.

Vanguard International High Dividend Yield ETF Company Profile

The Vanguard International High Dividend Yield ETF (VYMI) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks a market-cap-weighted index of developed and emerging market firms (ex-US) that are expected to pay above average dividends over the next 12 months. VYMI was launched on Feb 25, 2016 and is managed by Vanguard.