5 Best Dividend ETFs in 2023

3. Vanguard High Dividend Yield Index Fund (NYSE:VYM)

Vanguard High Dividend Yield Index Fund (VYM) tracks the performance of FTSE® High Dividend Yield Index. Vanguard High Dividend Yield Index Fund (VYM)’s portfolio consists of some of the most notable high dividend stocks, including The Procter & Gamble Company (NYSE:PG), Johnson & Johnson (NYSE:JNJ), Chevron Corporation (NYSE:CVX) and The Home Depot, Inc. (NYSE:HD). The biggest holding of Vanguard High Dividend Yield Index Fund (VYM) is Exxon Mobil Corporation (NYSE:XOM). These companies have a remarkable track record of dividend increases and provide a lot of certainty.

As of the end of the fourth quarter of 2022, 79 hedge funds tracked by Insider Monkey were bullish on Exxon Mobil Corporation (NYSE:XOM). The biggest hedge fund stakeholder of Exxon Mobil Corporation (NYSE:XOM) was Rajiv Jain’s GQG Partners which owns a $3.6 billion stake in the company. The second biggest hedge fund stakeholder of Exxon Mobil Corporation (NYSE:XOM) is Jean-Marie Eveillard’s First Eagle Investment Management which owns a $1.5 billion stake in the company.