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 product offered by Vanguard, one of the largest and most respected investment firms in the world. This ETF is designed to provide investors with exposure to high dividend-paying stocks from various industries, including consumer staples, utilities, and real estate.

On August 19, 2021, the Vanguard High Dividend Yield ETF hit a new 52-week high of $116.00 per share. This means that the price of the ETF has increased by more than 4% since its previous 52-week high of $111.79, which was reached on July 8, 2021.

The increase in the price of the Vanguard High Dividend Yield ETF can be attributed to a number of factors, including strong demand from investors looking for stable and reliable sources of income, as well as positive earnings reports from many of the companies included in the ETF's portfolio. Additionally, the overall strength of the stock market has also contributed to the increase in the price of the ETF.

It is worth noting that while the Vanguard High Dividend Yield ETF has hit a new 52-week high, this does not necessarily mean that it will continue to perform well in the future. Investors should always conduct their own research and consider seeking advice from a financial advisor before making any investment decisions.