Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Sees Large Volume Increase – Still a Buy?

Vanguard High Dividend Yield ETF (NYSEARCA:VYM) shares saw an uptick in trading volume on Tuesday . 2,478,610 shares traded hands during 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 Trading Up 0.3 %

The business’s fifty day moving average price is $128.28 and its two-hundred day moving average price is $129.70. The firm has a market cap of $55.59 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 disclosed a dividend, which was paid on Tuesday, March 25th. Stockholders 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

A number of hedge funds have recently modified their holdings of the stock. Valley Wealth Managers Inc. increased 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 buying an additional 192 shares during the period. Runnymede Capital Advisors Inc. acquired a new position in Vanguard High Dividend Yield ETF during the 4th quarter valued at about $34,000. Decker Retirement Planning Inc. bought a new position in shares of Vanguard High Dividend Yield ETF in the 4th quarter valued at about $39,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Vanguard High Dividend Yield ETF during the fourth quarter worth approximately $39,000. Finally, Pillar Financial Advisors LLC acquired a new position in Vanguard High Dividend Yield ETF in the fourth quarter valued at approximately $41,000.

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.