Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Hits New 12-Month High – Here’s What Happened

Vanguard High Dividend Yield ETF (NYSEARCA:VYM)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $163.53 and last traded at $162.73, with a volume of 1119054 shares. The stock had previously closed at $162.23.

Vanguard High Dividend Yield ETF Stock Performance

The stock has a market capitalization of $81.32 billion, a price-to-earnings ratio of 17.79 and a beta of 0.73. The company has a fifty day simple moving average of $159.38 and a two-hundred day simple moving average of $154.44.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Merit Financial Group LLC raised its stake in Vanguard High Dividend Yield ETF by 1.4% in the second quarter. Merit Financial Group LLC now owns 294,968 shares of the company’s stock valued at $46,614,000 after purchasing an additional 4,063 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC grew its stake in Vanguard High Dividend Yield ETF by 0.3% during the second quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 22,874 shares of the company’s stock worth $3,615,000 after buying an additional 63 shares in the last quarter. Heartwood Wealth Advisors LLC increased its holdings in Vanguard High Dividend Yield ETF by 3.3% in the 2nd quarter. Heartwood Wealth Advisors LLC now owns 277,781 shares of the company’s stock valued at $43,898,000 after buying an additional 8,859 shares during the period. Liberty Capital Management Inc. bought a new position in Vanguard High Dividend Yield ETF in the 2nd quarter valued at about $1,475,000. Finally, Formidable Asset Management LLC raised its position in shares of Vanguard High Dividend Yield ETF by 1.3% in the 2nd quarter. Formidable Asset Management LLC now owns 13,385 shares of the company’s stock valued at $1,982,000 after buying an additional 170 shares in the last quarter.

Vanguard High Dividend Yield ETF Company Profile

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.