5 Dividend ETFs to Buy Now

2. Vanguard High Dividend Yield Index Fund ETF Shares (NYSE:VYM)

Net Assets: $48 billion 

Vanguard High Dividend Yield Index Fund ETF Shares (NYSE:VYM) is an exchange traded fund that tracks the investment returns of the FTSE High Dividend Yield Index. The index consists of companies that pay higher-than-average dividends. 

A flagship holding of the Vanguard High Dividend Yield Index Fund ETF Shares (NYSE:VYM) is The Procter & Gamble Company (NYSE:PG), a business that makes and sells branded consumer packaged goods. 

Among the hedge funds being tracked by Insider Monkey, London-based investment firm Cedar Rock Capital is a leading shareholder in The Procter & Gamble Company (NYSE:PG)  with 7.5 million shares worth more than $1 billion.