Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Sees Strong Trading Volume – Should You Buy?

Shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) saw unusually-high trading volume on Tuesday . Approximately 2,478,610 shares were traded during trading, an increase of 133% from the previous session’s volume of 1,064,557 shares.The stock last traded at $122.20 and had previously closed at $122.30.

Vanguard High Dividend Yield ETF Stock Performance

The company has a fifty day moving average price of $128.74 and a two-hundred day moving average price of $129.82. The company has a market cap of $56.09 billion, a P/E ratio of 18.76 and a beta of 0.79.

Vanguard High Dividend Yield ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 21st were issued a $0.85 dividend. The ex-dividend date of this dividend was Friday, March 21st.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Valley Wealth Managers Inc. raised its stake in Vanguard High Dividend Yield ETF by 314.8% in the fourth quarter. Valley Wealth Managers Inc. now owns 253 shares of the company’s stock valued at $32,000 after buying an additional 192 shares during the period. Runnymede Capital Advisors Inc. acquired a new position in shares of Vanguard High Dividend Yield ETF in the fourth quarter valued at $34,000. Decker Retirement Planning Inc. bought a new position in shares of Vanguard High Dividend Yield ETF in the fourth quarter valued at about $39,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Vanguard High Dividend Yield ETF during the 4th quarter worth about $39,000. Finally, Pillar Financial Advisors LLC acquired a new position in Vanguard High Dividend Yield ETF in the 4th quarter valued at about $41,000.

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.