Pacific Sun Financial Corp purchased a new position in shares of Vanguard Utilities ETF (NYSEARCA:VPU) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,380 shares of the company’s stock, valued at approximately $316,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VPU. Thoroughbred Financial Services LLC purchased a new position in shares of Vanguard Utilities ETF during the second quarter worth about $77,547,000. Envestnet Asset Management Inc. boosted its holdings in Vanguard Utilities ETF by 59.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 446,464 shares of the company’s stock valued at $57,862,000 after purchasing an additional 166,149 shares in the last quarter. Redhawk Wealth Advisors Inc. purchased a new stake in Vanguard Utilities ETF in the 2nd quarter valued at approximately $9,149,000. GWM Advisors LLC purchased a new stake in Vanguard Utilities ETF in the 1st quarter valued at approximately $2,765,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Vanguard Utilities ETF by 25.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 213,360 shares of the company’s stock valued at $27,652,000 after purchasing an additional 42,891 shares in the last quarter.
VPU traded up $0.55 during trading on Wednesday, reaching $141.70. The company’s stock had a trading volume of 219 shares, compared to its average volume of 190,837. Vanguard Utilities ETF has a 52-week low of $113.06 and a 52-week high of $142.00. The company’s fifty day moving average price is $137.07 and its 200-day moving average price is $132.62.
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).
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