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 Wednesday . The stock traded as high as $135.10 and last traded at $135.06, with a volume of 2441717 shares trading hands. The stock had previously closed at $134.50.

Vanguard High Dividend Yield ETF Trading Up 0.4 %

The business’s 50 day simple moving average is $130.57 and its 200 day simple moving average is $128.96. The firm has a market capitalization of $61.15 billion, a PE ratio of 15.88 and a beta of 0.70.

Institutional Investors Weigh In On Vanguard High Dividend Yield ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in Vanguard High Dividend Yield ETF by 21.3% during the 4th quarter. Bank of America Corp DE now owns 13,740,556 shares of the company’s stock valued at $1,753,157,000 after purchasing an additional 2,409,649 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Vanguard High Dividend Yield ETF during the fourth quarter valued at approximately $921,398,000. LPL Financial LLC raised its holdings in shares of Vanguard High Dividend Yield ETF by 4.5% in the fourth quarter. LPL Financial LLC now owns 5,643,230 shares of the company’s stock worth $720,020,000 after buying an additional 243,681 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Vanguard High Dividend Yield ETF by 152.1% during the 4th quarter. JPMorgan Chase & Co. now owns 5,457,629 shares of the company’s stock worth $696,339,000 after acquiring an additional 3,292,948 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Vanguard High Dividend Yield ETF by 9.9% during the 4th quarter. Wells Fargo & Company MN now owns 5,013,329 shares of the company’s stock valued at $639,651,000 after acquiring an additional 452,063 shares during the period.

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.