Institute for Wealth Management LLC. Boosts Stock Position in Vanguard Utilities ETF $VPU

Institute for Wealth Management LLC. increased its position in Vanguard Utilities ETF (NYSEARCA:VPU) by 5.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,001 shares of the company’s stock after acquiring an additional 198 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Vanguard Utilities ETF were worth $706,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VPU. Wealth Enhancement Advisory Services LLC increased its stake in shares of Vanguard Utilities ETF by 43.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,499 shares of the company’s stock worth $1,389,000 after purchasing an additional 2,577 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Vanguard Utilities ETF by 16,981.1% in the 1st quarter. GAMMA Investing LLC now owns 67,812 shares of the company’s stock worth $11,583,000 after buying an additional 67,415 shares during the period. NBC Securities Inc. bought a new position in Vanguard Utilities ETF in the 1st quarter worth $27,000. Merit Financial Group LLC increased its stake in Vanguard Utilities ETF by 23.3% in the 1st quarter. Merit Financial Group LLC now owns 3,244 shares of the company’s stock worth $554,000 after buying an additional 612 shares in the last quarter. Finally, Maltin Wealth Management Inc. raised its holdings in Vanguard Utilities ETF by 4.4% during the first quarter. Maltin Wealth Management Inc. now owns 4,436 shares of the company’s stock valued at $758,000 after acquiring an additional 188 shares during the period.

Vanguard Utilities ETF Stock Up 0.8%

Shares of Vanguard Utilities ETF stock opened at $190.89 on Thursday. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 20.60 and a beta of 0.54. The stock’s 50-day simple moving average is $184.81 and its 200-day simple moving average is $177.08. Vanguard Utilities ETF has a 52 week low of $154.00 and a 52 week high of $191.36.

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).