NewEdge Wealth LLC Invests $1.03 Million in Vanguard Utilities ETF $VPU

NewEdge Wealth LLC purchased a new position in Vanguard Utilities ETF (NYSEARCA:VPU) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,194 shares of the company’s stock, valued at approximately $1,029,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Jessup Wealth Management Inc bought a new stake in Vanguard Utilities ETF in the fourth quarter worth about $27,000. IFC & Insurance Marketing Inc. bought a new position in shares of Vanguard Utilities ETF during the 4th quarter valued at approximately $28,000. Physician Wealth Advisors Inc. bought a new position in shares of Vanguard Utilities ETF during the 4th quarter valued at approximately $31,000. Kohmann Bosshard Financial Services LLC increased its stake in shares of Vanguard Utilities ETF by 905.9% during the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 171 shares of the company’s stock worth $34,000 after purchasing an additional 154 shares during the last quarter. Finally, Imprint Wealth LLC bought a new stake in shares of Vanguard Utilities ETF in the 3rd quarter worth approximately $38,000.

Vanguard Utilities ETF Trading Down 1.2%

NYSEARCA:VPU opened at $197.01 on Tuesday. Vanguard Utilities ETF has a 12 month low of $178.51 and a 12 month high of $206.10. The firm’s 50 day moving average is $194.78 and its 200 day moving average is $195.53. The stock has a market capitalization of $8.72 billion, a PE ratio of 20.60 and a beta of 0.59.

Vanguard Utilities ETF 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.