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

Vanguard High Dividend Yield ETF (NYSEARCA:VYM)’s stock price 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 changing hands. The stock had previously closed at $134.50.

Vanguard High Dividend Yield ETF Stock Performance

The stock has a market capitalization of $60.37 billion, a price-to-earnings ratio of 15.88 and a beta of 0.70. The company’s 50 day moving average is $130.76 and its 200 day moving average is $129.14.

Hedge Funds Weigh In On Vanguard High Dividend Yield ETF

Several large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in Vanguard High Dividend Yield ETF in the 4th quarter valued at $921,398,000. JPMorgan Chase & Co. increased its holdings in Vanguard High Dividend Yield ETF by 152.1% in the 4th quarter. JPMorgan Chase & Co. now owns 5,457,629 shares of the company’s stock valued at $696,339,000 after buying an additional 3,292,948 shares during the period. Bank of America Corp DE increased its holdings in Vanguard High Dividend Yield ETF by 21.3% in 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 buying an additional 2,409,649 shares during the period. Wellspring Financial Advisors LLC increased its holdings in Vanguard High Dividend Yield ETF by 29.3% in the 4th quarter. Wellspring Financial Advisors LLC now owns 2,968,984 shares of the company’s stock valued at $378,813,000 after buying an additional 672,757 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Vanguard High Dividend Yield ETF in the 4th quarter worth about $77,577,000.

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.