NewEdge Wealth LLC Acquires New Position in Vanguard Utilities ETF $VPU

NewEdge Wealth LLC acquired a new stake in shares of Vanguard Utilities ETF (NYSEARCA:VPU) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 5,194 shares of the company’s stock, valued at approximately $1,029,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VPU. Jessup Wealth Management Inc bought a new position in shares of Vanguard Utilities ETF in the fourth quarter worth $27,000. IFC & Insurance Marketing Inc. bought a new stake in shares of Vanguard Utilities ETF during the 4th quarter valued at $28,000. Physician Wealth Advisors Inc. bought a new stake in shares of Vanguard Utilities ETF during the 4th quarter valued at $31,000. Kohmann Bosshard Financial Services LLC raised 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 valued at $34,000 after purchasing an additional 154 shares during the period. Finally, Imprint Wealth LLC purchased a new stake in Vanguard Utilities ETF during the 3rd quarter worth about $38,000.

Vanguard Utilities ETF Stock Down 1.2%

Shares of NYSEARCA VPU opened at $197.01 on Tuesday. The company has a market cap of $8.72 billion, a P/E ratio of 20.60 and a beta of 0.59. Vanguard Utilities ETF has a 52 week low of $178.51 and a 52 week high of $206.10. The business has a 50-day simple moving average of $194.78 and a two-hundred day simple moving average of $195.53.

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.