Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Sees Large Volume Increase – Here’s Why

Shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYMGet Free Report) saw strong trading volume on Tuesday . 2,478,610 shares traded hands during mid-day 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 Price Performance

The stock’s 50 day moving average is $128.74 and its two-hundred day moving average is $129.82. The firm has a market capitalization 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 announced a dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 21st were issued a dividend of $0.85 per share. The ex-dividend date was Friday, March 21st.

Hedge Funds Weigh In On Vanguard High Dividend Yield ETF

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

Vanguard High Dividend Yield ETF Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Vanguard High Dividend Yield ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vanguard High Dividend Yield ETF and related companies with MarketBeat.com's FREE daily email newsletter.