Hilltop Holdings Inc. Invests $801,000 in Vanguard High Dividend Yield ETF (NYSEARCA:VYM)

Hilltop Holdings Inc. acquired a new position in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,252 shares of the company’s stock, valued at approximately $801,000.

Other institutional investors have also recently modified their holdings of the company. Mesirow Financial Investment Management Inc. grew its holdings in Vanguard High Dividend Yield ETF by 101.2% in the third quarter. Mesirow Financial Investment Management Inc. now owns 1,097,218 shares of the company’s stock valued at $140,664,000 after purchasing an additional 552,003 shares during the period. Accredited Investors Inc. grew its holdings in Vanguard High Dividend Yield ETF by 18,516.9% in the third quarter. Accredited Investors Inc. now owns 399,705 shares of the company’s stock valued at $51,242,000 after purchasing an additional 397,558 shares during the period. Strategic Financial Concepts LLC grew its holdings in Vanguard High Dividend Yield ETF by 6,282.8% in the second quarter. Strategic Financial Concepts LLC now owns 365,925 shares of the company’s stock valued at $43,399,000 after purchasing an additional 360,192 shares during the period. Sanctuary Advisors LLC acquired a new stake in Vanguard High Dividend Yield ETF in the second quarter valued at approximately $27,104,000. Finally, LPL Financial LLC grew its holdings in Vanguard High Dividend Yield ETF by 4.6% in the second quarter. LPL Financial LLC now owns 5,223,678 shares of the company’s stock valued at $619,528,000 after purchasing an additional 228,580 shares during the period.

Vanguard High Dividend Yield ETF Trading Down 0.4 %

Shares of VYM opened at $132.82 on Thursday. The firm has a market cap of $60.14 billion, a P/E ratio of 15.88 and a beta of 0.70. The stock’s 50 day moving average is $130.53 and its two-hundred day moving average is $124.93. Vanguard High Dividend Yield ETF has a 12 month low of $106.87 and a 12 month high of $135.07.

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.