Novak & Powell Financial Services Inc. Boosts Stake in Vanguard Utilities ETF $VPU

Novak & Powell Financial Services Inc. boosted its holdings in shares of Vanguard Utilities ETF (NYSEARCA:VPU) by 291.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,954 shares of the company’s stock after acquiring an additional 4,432 shares during the period. Novak & Powell Financial Services Inc.’s holdings in Vanguard Utilities ETF were worth $1,128,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bank of Montreal Can grew its position in shares of Vanguard Utilities ETF by 55.3% in the second quarter. Bank of Montreal Can now owns 3,210 shares of the company’s stock valued at $567,000 after purchasing an additional 1,143 shares in the last quarter. Savant Capital LLC purchased a new position in Vanguard Utilities ETF during the second quarter worth approximately $264,000. Meridian Wealth Management LLC boosted its stake in Vanguard Utilities ETF by 6.3% during the second quarter. Meridian Wealth Management LLC now owns 3,184 shares of the company’s stock worth $562,000 after buying an additional 190 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Vanguard Utilities ETF by 227.7% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 21,300 shares of the company’s stock valued at $3,760,000 after buying an additional 14,800 shares in the last quarter. Finally, NFP Retirement Inc. grew its holdings in Vanguard Utilities ETF by 1.3% in the 2nd quarter. NFP Retirement Inc. now owns 4,826 shares of the company’s stock valued at $852,000 after buying an additional 60 shares in the last quarter.

Vanguard Utilities ETF Stock Up 0.6%

Shares of VPU opened at $203.71 on Tuesday. Vanguard Utilities ETF has a 52-week low of $154.00 and a 52-week high of $206.10. The stock has a fifty day simple moving average of $193.96 and a two-hundred day simple moving average of $191.27. The company has a market capitalization of $8.66 billion, a PE ratio of 20.60 and a beta of 0.61.

About Vanguard Utilities ETF

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.