Independent Financial Group LLC Takes $2.56 Million Position in Vanguard Utilities ETF $VPU

Independent Financial Group LLC purchased a new position in shares of Vanguard Utilities ETF (NYSEARCA:VPU) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,918 shares of the company’s stock, valued at approximately $2,560,000.

Several other institutional investors and hedge funds have also made changes to their positions in VPU. Franklin Resources Inc. acquired a new position in Vanguard Utilities ETF during the second quarter worth about $235,000. Russell Investments Group Ltd. grew its position in shares of Vanguard Utilities ETF by 57.4% in the second quarter. Russell Investments Group Ltd. now owns 428 shares of the company’s stock valued at $76,000 after purchasing an additional 156 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in shares of Vanguard Utilities ETF by 57.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 10,106 shares of the company’s stock worth $1,784,000 after purchasing an additional 3,681 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Vanguard Utilities ETF by 481.0% during the 2nd quarter. NewEdge Advisors LLC now owns 11,429 shares of the company’s stock worth $2,017,000 after purchasing an additional 9,462 shares in the last quarter. Finally, Main Street Financial Solutions LLC raised its position in shares of Vanguard Utilities ETF by 29.5% during the 2nd quarter. Main Street Financial Solutions LLC now owns 11,508 shares of the company’s stock worth $2,031,000 after purchasing an additional 2,624 shares during the last quarter.

Vanguard Utilities ETF Price Performance

Shares of Vanguard Utilities ETF stock opened at $195.22 on Friday. Vanguard Utilities ETF has a 1 year low of $178.51 and a 1 year high of $206.10. The business has a 50 day moving average price of $194.33 and a 200 day moving average price of $194.99. The company has a market capitalization of $8.64 billion, a P/E ratio of 20.60 and a beta of 0.59.

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). This GICS sector is made up of those companies considered electric, gas, or water utilities, or companies that operate as independent producers and/or distributors of power.