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

Shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) reached a new 52-week high during trading on Tuesday . The stock traded as high as $161.33 and last traded at $160.98, with a volume of 131891 shares changing hands. The stock had previously closed at $160.46.

Vanguard High Dividend Yield ETF Stock Performance

The company has a market cap of $78.95 billion, a P/E ratio of 17.79 and a beta of 0.73. The stock’s fifty day moving average price is $156.06 and its two-hundred day moving average price is $151.29.

Hedge Funds Weigh In On Vanguard High Dividend Yield ETF

A number of institutional investors have recently modified their holdings of VYM. S&A Financial Services Inc. acquired a new stake in Vanguard High Dividend Yield ETF in the first quarter valued at about $232,000. Rathbones Group PLC acquired a new position in Vanguard High Dividend Yield ETF during the first quarter worth about $852,000. Pine Valley Investments Ltd Liability Co raised its stake in Vanguard High Dividend Yield ETF by 9.0% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 4,941 shares of the company’s stock worth $732,000 after acquiring an additional 409 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Vanguard High Dividend Yield ETF by 0.9% in the first quarter. Parallel Advisors LLC now owns 41,226 shares of the company’s stock worth $6,106,000 after acquiring an additional 351 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of Vanguard High Dividend Yield ETF by 1.7% in the 1st quarter. NewEdge Advisors LLC now owns 337,471 shares of the company’s stock valued at $49,979,000 after purchasing an additional 5,644 shares in the last quarter.

About Vanguard High Dividend Yield ETF

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.