Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Reaches New 12-Month High at $121.86

Shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) reached a new 52-week high on Friday . The stock traded as high as $121.86 and last traded at $121.86, with a volume of 291087 shares trading hands. The stock had previously closed at $120.93.

Vanguard High Dividend Yield ETF Price Performance

The stock’s fifty day simple moving average is $119.24 and its two-hundred day simple moving average is $116.57. The company has a market capitalization of $54.99 billion, a price-to-earnings ratio of 15.88 and a beta of 0.70.

Hedge Funds Weigh In On Vanguard High Dividend Yield ETF

Several institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its holdings in shares of Vanguard High Dividend Yield ETF by 4.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 4,884,792 shares of the company’s stock valued at $545,289,000 after buying an additional 186,821 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Vanguard High Dividend Yield ETF by 2.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 4,059,220 shares of the company’s stock valued at $453,131,000 after acquiring an additional 115,272 shares in the last quarter. UBS Group AG boosted its position in Vanguard High Dividend Yield ETF by 5.2% during the 4th quarter. UBS Group AG now owns 3,417,686 shares of the company’s stock worth $381,516,000 after acquiring an additional 169,321 shares during the period. Vanguard Group Inc. grew its stake in shares of Vanguard High Dividend Yield ETF by 0.5% in the first quarter. Vanguard Group Inc. now owns 3,246,447 shares of the company’s stock worth $392,788,000 after purchasing an additional 16,021 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Vanguard High Dividend Yield ETF during the fourth quarter valued at $254,023,000.

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.