Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Hits New 52-Week High at $116.00

The Vanguard High Dividend Yield ETF (NYSEARCAVYM) is a popular investment vehicle that tracks the performance of the Dow Jones U.S. Broad Stock Market Index, which includes companies with high dividend yields. On August 19, 2021, the ETF reached a new 52-week high of $116.00, surpassing its previous high of $114.78 on July 23, 2021.

Dividend yield refers to the annual dividend paid per share of stock divided by the current market price of that stock. High dividend yields are often attractive to investors because they indicate a higher return on investment compared to other investments with lower yields. The Vanguard High Dividend Yield ETF is designed to provide investors with exposure to high dividend yield stocks across various industries, including consumer staples, utilities, and real estate.

The performance of the Vanguard High Dividend Yield ETF has been strong in recent years, driven by a combination of factors such as low interest rates, stable economic conditions, and increasing demand for dividend-paying stocks. The ETF has consistently outperformed the broader market over the past five years, with an annualized return of 10.2% compared to the S&P 500's 8.4%.

Investors who are interested in investing in high dividend yield stocks can consider adding the Vanguard High Dividend Yield ETF to their portfolio as a way to diversify their investments and potentially earn higher returns. However, it is important to note that past performance is not indicative of future results, and investors should always conduct thorough research before making any investment decisions.