International Assets Investment Management LLC Acquires 2,539 Shares of Vanguard Utilities ETF $VPU
by Michael Walen · The Markets DailyInternational Assets Investment Management LLC raised its holdings in Vanguard Utilities ETF (NYSEARCA:VPU – Free Report) by 81.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,646 shares of the company’s stock after buying an additional 2,539 shares during the period. International Assets Investment Management LLC’s holdings in Vanguard Utilities ETF were worth $1,123,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VPU. Anchor Investment Management LLC grew its holdings in shares of Vanguard Utilities ETF by 13.7% in the 1st quarter. Anchor Investment Management LLC now owns 6,812 shares of the company’s stock valued at $1,350,000 after acquiring an additional 820 shares in the last quarter. Silver Oak Advisory Group Inc. acquired a new position in Vanguard Utilities ETF during the first quarter valued at approximately $262,000. Diversify Wealth Management LLC boosted its position in Vanguard Utilities ETF by 2.9% during the first quarter. Diversify Wealth Management LLC now owns 1,911 shares of the company’s stock valued at $378,000 after purchasing an additional 53 shares during the last quarter. Fifth Third Bancorp boosted its position in Vanguard Utilities ETF by 60.2% during the first quarter. Fifth Third Bancorp now owns 22,055 shares of the company’s stock valued at $4,370,000 after purchasing an additional 8,286 shares during the last quarter. Finally, American Trust grew its stake in Vanguard Utilities ETF by 34.9% in the first quarter. American Trust now owns 5,091 shares of the company’s stock valued at $1,009,000 after purchasing an additional 1,317 shares in the last quarter.
Vanguard Utilities ETF Stock Up 0.7%
NYSEARCA:VPU opened at $197.48 on Tuesday. The firm has a market capitalization of $8.74 billion, a price-to-earnings ratio of 20.60 and a beta of 0.59. Vanguard Utilities ETF has a twelve month low of $175.94 and a twelve month high of $206.10. The stock’s 50 day moving average price is $194.39 and its two-hundred day moving average price is $194.76.
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.
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