Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) saw unusually-strong trading volume on Tuesday . Approximately 1,110,440 shares were traded during mid-day trading, an increase of 19% from the previous session’s volume of 932,922 shares.The stock last traded at $128.38 and had previously closed at $127.77.

Vanguard High Dividend Yield ETF Price Performance

The stock has a market capitalization of $58.31 billion, a PE ratio of 15.88 and a beta of 0.70. The company has a 50 day moving average price of $131.00 and a 200-day moving average price of $125.97.

Hedge Funds Weigh In On Vanguard High Dividend Yield ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Chris Bulman Inc bought a new position in shares of Vanguard High Dividend Yield ETF in the 2nd quarter worth approximately $26,000. FSA Wealth Management LLC purchased a new stake in Vanguard High Dividend Yield ETF in the third quarter worth $26,000. Highline Wealth Partners LLC bought a new position in Vanguard High Dividend Yield ETF in the third quarter worth $45,000. Ridgewood Investments LLC purchased a new position in Vanguard High Dividend Yield ETF during the second quarter valued at $49,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Vanguard High Dividend Yield ETF by 352.5% during the 3rd quarter. GAMMA Investing LLC now owns 457 shares of the company’s stock valued at $59,000 after buying an additional 356 shares in the last quarter.

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.