Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Reaches New 52-Week High – Here’s Why

Shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYMGet Free Report) reached a new 52-week high on Tuesday . The company traded as high as $164.44 and last traded at $164.40, with a volume of 687235 shares trading hands. The stock had previously closed at $162.79.

Vanguard High Dividend Yield ETF Price Performance

The stock has a 50 day simple moving average of $160.14 and a 200-day simple moving average of $155.23. The firm has a market cap of $82.42 billion, a PE ratio of 17.79 and a beta of 0.73.

Hedge Funds Weigh In On Vanguard High Dividend Yield ETF

Hedge funds have recently bought and sold shares of the company. Red Door Wealth Management LLC boosted its holdings in Vanguard High Dividend Yield ETF by 0.5% in the second quarter. Red Door Wealth Management LLC now owns 12,471 shares of the company’s stock valued at $1,971,000 after acquiring an additional 63 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC boosted its stake in shares of Vanguard High Dividend Yield ETF by 0.3% in the 2nd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 22,874 shares of the company’s stock valued at $3,615,000 after purchasing an additional 63 shares during the last quarter. Ballast Advisors LLC grew its position in shares of Vanguard High Dividend Yield ETF by 8.2% during the 4th quarter. Ballast Advisors LLC now owns 868 shares of the company’s stock worth $125,000 after buying an additional 66 shares during the period. Blue Trust Inc. raised its stake in shares of Vanguard High Dividend Yield ETF by 2.7% during the first quarter. Blue Trust Inc. now owns 2,513 shares of the company’s stock worth $372,000 after buying an additional 66 shares during the last quarter. Finally, Abound Wealth Management lifted its holdings in Vanguard High Dividend Yield ETF by 6.7% in the second quarter. Abound Wealth Management now owns 1,113 shares of the company’s stock valued at $176,000 after buying an additional 70 shares during the period.

Vanguard High Dividend Yield ETF Company Profile

(Get Free Report)

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.

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