Vanguard Utilities ETF (NYSEARCA:VPU) Reaches New 1-Year Low – Here’s Why

Vanguard Utilities ETF (NYSEARCA:VPU) shares reached a new 52-week low on Monday . The stock traded as low as $177.97 and last traded at $178.1130, with a volume of 267039 shares traded. The stock had previously closed at $177.98.

Vanguard Utilities ETF Stock Performance

The firm has a market capitalization of $7.86 billion, a PE ratio of 20.60 and a beta of 0.58. The business’s 50 day moving average is $189.24 and its two-hundred day moving average is $194.16.

Institutional Investors Weigh In On Vanguard Utilities ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Lido Advisors LLC increased its holdings in shares of Vanguard Utilities ETF by 6.1% in the 4th quarter. Lido Advisors LLC now owns 70,379 shares of the company’s stock worth $13,167,000 after buying an additional 4,061 shares during the last quarter. Bard Associates Inc. lifted its holdings in shares of Vanguard Utilities ETF by 24.8% during the 4th quarter. Bard Associates Inc. now owns 26,886 shares of the company’s stock worth $4,975,000 after acquiring an additional 5,349 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Vanguard Utilities ETF by 9.6% in the first quarter. Janney Montgomery Scott LLC now owns 51,840 shares of the company’s stock worth $10,272,000 after acquiring an additional 4,543 shares in the last quarter. NewEdge Wealth LLC purchased a new position in Vanguard Utilities ETF in the first quarter worth $1,029,000. Finally, Hilton Head Capital Partners LLC bought a new position in Vanguard Utilities ETF in the fourth quarter valued at $513,000.

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.