Independent Financial Group LLC Makes New $2.56 Million Investment in Vanguard Utilities ETF $VPU

Independent Financial Group LLC purchased a new position in shares of Vanguard Utilities ETF (NYSEARCA:VPU) in the first quarter, HoldingsChannel reports. The fund purchased 12,918 shares of the company’s stock, valued at approximately $2,560,000.

A number of other hedge funds and other institutional investors have also modified their holdings of VPU. Franklin Resources Inc. purchased a new position in shares of Vanguard Utilities ETF during the second quarter valued at approximately $235,000. Russell Investments Group Ltd. boosted its position in Vanguard Utilities ETF by 57.4% during the second quarter. Russell Investments Group Ltd. now owns 428 shares of the company’s stock worth $76,000 after acquiring an additional 156 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in Vanguard Utilities ETF by 57.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 10,106 shares of the company’s stock worth $1,784,000 after acquiring an additional 3,681 shares during the period. NewEdge Advisors LLC grew its stake in Vanguard Utilities ETF by 481.0% in the 2nd quarter. NewEdge Advisors LLC now owns 11,429 shares of the company’s stock worth $2,017,000 after acquiring an additional 9,462 shares during the period. Finally, Main Street Financial Solutions LLC grew its stake in Vanguard Utilities ETF by 29.5% in the 2nd quarter. Main Street Financial Solutions LLC now owns 11,508 shares of the company’s stock worth $2,031,000 after acquiring an additional 2,624 shares during the period.

Vanguard Utilities ETF Stock Performance

Shares of VPU opened at $195.22 on Friday. Vanguard Utilities ETF has a fifty-two week low of $178.51 and a fifty-two week high of $206.10. The company has a market capitalization of $8.64 billion, a PE ratio of 20.60 and a beta of 0.59. The stock has a fifty day moving average of $194.33 and a two-hundred day moving average of $194.99.

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). 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.