Summit Financial Strategies Inc. cut its stake in shares of Vanguard Utilities ETF (NYSEARCA:VPU – Free Report) by 24.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,254 shares of the company’s stock after selling 399 shares during the period. Summit Financial Strategies Inc.’s holdings in Vanguard Utilities ETF were worth $218,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new stake in shares of Vanguard Utilities ETF in the 2nd quarter valued at approximately $25,000. Register Financial Advisors LLC acquired a new stake in shares of Vanguard Utilities ETF in the 1st quarter valued at approximately $27,000. Clean Yield Group acquired a new stake in shares of Vanguard Utilities ETF in the 1st quarter valued at approximately $37,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Vanguard Utilities ETF in the 2nd quarter valued at approximately $37,000. Finally, ORG Partners LLC acquired a new stake in shares of Vanguard Utilities ETF in the 2nd quarter valued at approximately $40,000.
Vanguard Utilities ETF Trading Down 0.3 %
Shares of VPU traded down $0.50 during mid-day trading on Thursday, hitting $176.58. The company’s stock had a trading volume of 48,008 shares, compared to its average volume of 201,501. The firm has a 50-day simple moving average of $167.71 and a 200 day simple moving average of $156.43. The firm has a market capitalization of $6.36 billion, a P/E ratio of 20.65 and a beta of 0.56. Vanguard Utilities ETF has a 1-year low of $123.31 and a 1-year high of $177.51.
Vanguard Utilities ETF Company Profile
Vanguard Utilities ETF (the Fund) is an exchange-traded class of shares issued by Vanguard Utilities Index Fund. The Fund tracks the performance of Morgan Stanley Capital International United States Investable Market Utilities Index, an index made up of stocks of large, medium-size and small United States companies in the utilities sector, as classified under the Global Industry Classification Standard (GICS).
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