Essex Financial Services Inc. Acquires 3,750 Shares of Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Essex Financial Services Inc. raised its holdings in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) by 2.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 148,614 shares of the company’s stock after buying an additional 3,750 shares during the quarter. Vanguard High Dividend Yield ETF makes up 1.7% of Essex Financial Services Inc.’s investment portfolio, making the stock its 8th largest position. Essex Financial Services Inc.’s holdings in Vanguard High Dividend Yield ETF were worth $16,590,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. LPL Financial LLC raised its holdings in Vanguard High Dividend Yield ETF by 6.1% during the third quarter. LPL Financial LLC now owns 5,152,205 shares of the company’s stock worth $532,326,000 after purchasing an additional 298,137 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Vanguard High Dividend Yield ETF by 2.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 4,059,220 shares of the company’s stock worth $453,131,000 after buying an additional 115,272 shares in the last quarter. UBS Group AG grew its stake in Vanguard High Dividend Yield ETF by 4.7% in the 3rd quarter. UBS Group AG now owns 3,248,365 shares of the company’s stock valued at $335,621,000 after acquiring an additional 145,946 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Vanguard High Dividend Yield ETF during the 4th quarter valued at about $254,023,000. Finally, Royal Bank of Canada lifted its holdings in shares of Vanguard High Dividend Yield ETF by 3.8% in the third quarter. Royal Bank of Canada now owns 2,270,831 shares of the company’s stock valued at $234,621,000 after purchasing an additional 82,283 shares in the last quarter.

Vanguard High Dividend Yield ETF Stock Down 0.3 %

Shares of VYM traded down $0.40 during mid-day trading on Wednesday, reaching $116.07. 486,151 shares of the company’s stock were exchanged, compared to its average volume of 1,106,009. Vanguard High Dividend Yield ETF has a 52-week low of $98.40 and a 52-week high of $121.29. The company has a market cap of $52.56 billion, a price-to-earnings ratio of 15.82 and a beta of 0.73. The company has a 50-day simple moving average of $117.52 and a two-hundred day simple moving average of $111.63.

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.