Vanguard High Dividend Yield ETF Sees $395.7 Million Outflow

This week, the Vanguard High Dividend Yield ETF (Symbol: VYM) experienced significant financial activity, with an approximate outflow of $395.7 million, reflecting a 0.7% decrease in shares outstanding. The number of shares fell from 460,022,457 to 456,865,170.

Performance of VYM’s Key Holdings

Among VYM’s largest underlying components, Elevance Health Inc (Symbol: ELV) is down about 0.5%, while CME Group (Symbol: CME) has seen a slight increase of 0.2%. Conversely, Waste Management, Inc. (Symbol: WM) has decreased by approximately 0.2%. For a detailed list of holdings, refer to the VYM Holdings page.

Price Performance Overview

The chart below illustrates VYM’s price performance over the past year, compared to its 200-day moving average:

Over the last 52 weeks, VYM has reached a low of $112.0542 per share and a high of $135.095. The most recent trade occurred at $124.89. Evaluating this price in relation to its 200-day moving average can provide additional insights into market trends.

Understanding ETF Dynamics

Exchange-traded funds (ETFs) function similarly to stocks, but investors buy and sell “units” instead of shares. These units can be created or destroyed to match investor demand. Each week, we track the changes in shares outstanding to identify ETFs with notable inflows (new units created) or outflows (existing units destroyed). The creation of new units typically necessitates the purchase of the ETF’s underlying holdings, while the destruction of units often entails selling those holdings. Large cash flows can significantly influence the individual components within the ETF.

Click here to explore which other ETFs experienced notable outflows.

Related Information:

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• Funds Holding RNLX
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.