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

Vanguard High Dividend Yield ETF (NYSEARCA:VYM) shares reached a new 52-week high on Wednesday . The company traded as high as $135.10 and last traded at $135.06, with a volume of 2441717 shares traded. The stock had previously closed at $134.50.

Vanguard High Dividend Yield ETF Stock Down 1.0 %

The company has a market cap of $60.37 billion, a price-to-earnings ratio of 15.88 and a beta of 0.70. The stock has a fifty day moving average price of $130.76 and a two-hundred day moving average price of $129.14.

Institutional Investors Weigh In On Vanguard High Dividend Yield ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Alpha Financial Partners LLC acquired a new position in Vanguard High Dividend Yield ETF in the third quarter valued at about $468,000. Sequoia Financial Advisors LLC grew its position in Vanguard High Dividend Yield ETF by 3.4% in the third quarter. Sequoia Financial Advisors LLC now owns 16,206 shares of the company’s stock valued at $2,078,000 after acquiring an additional 530 shares during the last quarter. Eastern Bank bought a new position in Vanguard High Dividend Yield ETF in the third quarter valued at about $304,000. BLB&B Advisors LLC bought a new position in Vanguard High Dividend Yield ETF in the third quarter valued at about $201,000. Finally, Elevated Capital Advisors LLC grew its position in Vanguard High Dividend Yield ETF by 4.6% in the third quarter. Elevated Capital Advisors LLC now owns 1,833 shares of the company’s stock valued at $235,000 after acquiring an additional 80 shares during the last quarter.

Vanguard High Dividend Yield ETF Company Profile

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.