Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Hits New 52-Week High – Should You Buy?

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

Vanguard High Dividend Yield ETF Trading Down 0.1 %

The firm has a market cap of $60.80 billion, a PE ratio of 15.88 and a beta of 0.70. The stock has a fifty day simple moving average of $129.89 and a two-hundred day simple moving average of $124.48.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of VYM. Cetera Investment Advisers grew its holdings in shares of Vanguard High Dividend Yield ETF by 579.6% during the first quarter. Cetera Investment Advisers now owns 1,588,902 shares of the company’s stock worth $192,241,000 after purchasing an additional 1,355,103 shares in the last quarter. Mesirow Financial Investment Management Inc. boosted its stake in Vanguard High Dividend Yield ETF by 101.2% in the third quarter. Mesirow Financial Investment Management Inc. now owns 1,097,218 shares of the company’s stock worth $140,664,000 after buying an additional 552,003 shares in the last quarter. Accredited Investors Inc. boosted its stake in Vanguard High Dividend Yield ETF by 18,516.9% in the third quarter. Accredited Investors Inc. now owns 399,705 shares of the company’s stock worth $51,242,000 after buying an additional 397,558 shares in the last quarter. Strategic Financial Concepts LLC boosted its stake in Vanguard High Dividend Yield ETF by 6,282.8% in the second quarter. Strategic Financial Concepts LLC now owns 365,925 shares of the company’s stock worth $43,399,000 after buying an additional 360,192 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Vanguard High Dividend Yield ETF in the second quarter worth approximately $27,104,000.

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.