Essex Financial Services Inc. Purchases 3,603 Shares of Vanguard High Dividend Yield ETF $VYM

Essex Financial Services Inc. boosted its position in shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 2.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 165,641 shares of the company’s stock after acquiring an additional 3,603 shares during the quarter. Vanguard High Dividend Yield ETF makes up about 1.4% of Essex Financial Services Inc.’s portfolio, making the stock its 11th biggest position. Essex Financial Services Inc.’s holdings in Vanguard High Dividend Yield ETF were worth $23,347,000 as of its most recent filing with the Securities and Exchange Commission.

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

Vanguard High Dividend Yield ETF Trading Down 0.2%

NYSEARCA:VYM opened at $155.13 on Wednesday. The company has a market cap 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 twelve month low of $112.05 and a twelve month high of $157.29. The stock has a fifty day simple moving average of $148.32 and a 200-day simple moving average of $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.