Vanguard International High Dividend Yield ETF (NASDAQ:VYMI) Sees Large Volume Increase – Here’s Why

Vanguard International High Dividend Yield ETF (NASDAQ:VYMI) saw unusually-high trading volume on Tuesday . Approximately 389,022 shares traded hands during mid-day trading, an increase of 8% from the previous session’s volume of 360,711 shares.The stock last traded at $67.88 and had previously closed at $67.62.

Vanguard International High Dividend Yield ETF Price Performance

The company has a 50-day moving average of $70.57 and a 200 day moving average of $70.62. The company has a market cap of $7.54 billion, a PE ratio of 9.68 and a beta of 0.81.

Vanguard International High Dividend Yield ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Friday, December 20th will be issued a $0.9647 dividend. This is a boost from Vanguard International High Dividend Yield ETF’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, December 20th. This represents a $3.86 dividend on an annualized basis and a dividend yield of 5.68%.

Institutional Trading of Vanguard International High Dividend Yield ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Zhang Financial LLC increased its position in Vanguard International High Dividend Yield ETF by 15.8% during the third quarter. Zhang Financial LLC now owns 39,249 shares of the company’s stock valued at $2,882,000 after acquiring an additional 5,354 shares during the last quarter. Cedar Mountain Advisors LLC raised its holdings in shares of Vanguard International High Dividend Yield ETF by 0.8% in the third quarter. Cedar Mountain Advisors LLC now owns 108,061 shares of the company’s stock worth $7,934,000 after buying an additional 894 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Vanguard International High Dividend Yield ETF by 65.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 6,073 shares of the company’s stock worth $417,000 after acquiring an additional 2,394 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Vanguard International High Dividend Yield ETF by 0.4% during the 3rd quarter. Citigroup Inc. now owns 136,040 shares of the company’s stock worth $9,988,000 after acquiring an additional 499 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in Vanguard International High Dividend Yield ETF by 6.8% during the 2nd quarter. Raymond James & Associates now owns 114,887 shares of the company’s stock valued at $7,873,000 after acquiring an additional 7,267 shares during the period.

Vanguard International High Dividend Yield ETF Company Profile

The Vanguard International High Dividend Yield ETF (VYMI) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks a market-cap-weighted index of developed and emerging market firms (ex-US) that are expected to pay above average dividends over the next 12 months. VYMI was launched on Feb 25, 2016 and is managed by Vanguard.