Valeo Financial Advisors LLC Takes Position in Vanguard Utilities ETF $VPU

Valeo Financial Advisors LLC acquired a new position in Vanguard Utilities ETF (NYSEARCA:VPU) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 4,437 shares of the company’s stock, valued at approximately $783,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Russell Investments Group Ltd. lifted its stake in Vanguard Utilities ETF by 98.5% during the first quarter. Russell Investments Group Ltd. now owns 272 shares of the company’s stock worth $46,000 after purchasing an additional 135 shares in the last quarter. Cresset Asset Management LLC boosted its holdings in Vanguard Utilities ETF by 1.3% during the 1st quarter. Cresset Asset Management LLC now owns 9,679 shares of the company’s stock valued at $1,653,000 after acquiring an additional 121 shares during the period. Raymond James Financial Inc. grew its position in Vanguard Utilities ETF by 9.8% in the 1st quarter. Raymond James Financial Inc. now owns 165,611 shares of the company’s stock valued at $28,288,000 after acquiring an additional 14,718 shares in the last quarter. PGIM Custom Harvest LLC increased its stake in Vanguard Utilities ETF by 13.4% during the first quarter. PGIM Custom Harvest LLC now owns 178,291 shares of the company’s stock worth $30,454,000 after purchasing an additional 21,102 shares during the period. Finally, Summit Financial LLC increased its stake in Vanguard Utilities ETF by 2.7% during the first quarter. Summit Financial LLC now owns 7,667 shares of the company’s stock worth $1,310,000 after purchasing an additional 198 shares during the period.

Vanguard Utilities ETF Stock Down 1.5%

Shares of VPU opened at $184.06 on Thursday. Vanguard Utilities ETF has a fifty-two week low of $154.00 and a fifty-two week high of $203.15. The firm’s 50 day moving average price is $193.06 and its 200 day moving average price is $185.91. The company has a market cap of $7.52 billion, a P/E ratio of 20.60 and a beta of 0.61.

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).