Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Reaches New 1-Year Low – Should You Sell?

Vanguard High Dividend Yield ETF (NYSEARCA:VYM)’s stock price hit a new 52-week low on Monday . The company traded as low as $112.05 and last traded at $112.42, with a volume of 823683 shares traded. The stock had previously closed at $117.03.

Vanguard High Dividend Yield ETF Stock Performance

The stock’s 50 day moving average is $130.86 and its 200 day moving average is $130.31. The company has a market capitalization of $53.45 billion, a PE ratio of 18.76 and a beta of 0.79.

Vanguard High Dividend Yield ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 21st were issued a dividend of $0.85 per share. The ex-dividend date of this dividend was Friday, March 21st.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE raised its position in shares of Vanguard High Dividend Yield ETF by 21.3% in the fourth quarter. Bank of America Corp DE now owns 13,740,556 shares of the company’s stock worth $1,753,157,000 after buying an additional 2,409,649 shares in the last quarter. Raymond James Financial Inc. bought a new position in Vanguard High Dividend Yield ETF in the 4th quarter worth about $921,398,000. LPL Financial LLC boosted its position in shares of Vanguard High Dividend Yield ETF by 4.5% during the 4th quarter. LPL Financial LLC now owns 5,643,230 shares of the company’s stock valued at $720,020,000 after acquiring an additional 243,681 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Vanguard High Dividend Yield ETF by 152.1% during the 4th quarter. JPMorgan Chase & Co. now owns 5,457,629 shares of the company’s stock valued at $696,339,000 after acquiring an additional 3,292,948 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Vanguard High Dividend Yield ETF by 9.9% during the fourth quarter. Wells Fargo & Company MN now owns 5,013,329 shares of the company’s stock worth $639,651,000 after purchasing an additional 452,063 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.