Essex Financial Services Inc. Increases Holdings in Vanguard High Dividend Yield ETF $VYM

Essex Financial Services Inc. increased its holdings in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,641 shares of the company’s stock after purchasing an additional 3,603 shares during the quarter. Vanguard High Dividend Yield ETF makes up 1.4% of Essex Financial Services Inc.’s portfolio, making the stock its 11th biggest holding. Essex Financial Services Inc.’s holdings in Vanguard High Dividend Yield ETF were worth $23,347,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in VYM. Gallagher Fiduciary Advisors LLC lifted its holdings in shares of Vanguard High Dividend Yield ETF by 12,273.0% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 7,981,687 shares of the company’s stock worth $1,064,039,000 after buying an additional 7,917,178 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Vanguard High Dividend Yield ETF by 2.4% in the 2nd quarter. Raymond James Financial Inc. now owns 7,491,066 shares of the company’s stock worth $998,634,000 after purchasing an additional 178,904 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Vanguard High Dividend Yield ETF by 3.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,673,036 shares of the company’s stock valued at $622,955,000 after purchasing an additional 149,645 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Vanguard High Dividend Yield ETF by 3.6% during the second quarter. Ameriprise Financial Inc. now owns 3,955,135 shares of the company’s stock valued at $527,659,000 after purchasing an additional 138,262 shares in the last quarter. Finally, Wellspring Financial Advisors LLC increased its holdings in shares of Vanguard High Dividend Yield ETF by 0.6% in the second quarter. Wellspring Financial Advisors LLC now owns 2,787,908 shares of the company’s stock worth $371,656,000 after purchasing an additional 15,677 shares during the last quarter.

Vanguard High Dividend Yield ETF Price Performance

Shares of VYM opened at $155.13 on Wednesday. The stock has a market capitalization of $74.55 billion, a price-to-earnings ratio of 17.79 and a beta of 0.79. Vanguard High Dividend Yield ETF has a 1 year low of $112.05 and a 1 year high of $157.29. The business’s 50 day simple moving average is $148.32 and its 200-day simple moving average is $143.06.

About Vanguard High Dividend Yield ETF

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.