Vanguard Utilities ETF (NYSEARCA:VPU) Sees Strong Trading Volume – Time to Buy?
by Teresa Graham · The Cerbat GemShares of Vanguard Utilities ETF (NYSEARCA:VPU – Get Free Report) saw unusually-high trading volume on Monday. Approximately 241,872 shares were traded during trading, a decline of 11% from the previous session’s volume of 270,746 shares. The stock last traded at $170.9290 and had previously closed at $171.48.
Vanguard Utilities ETF Stock Down 0.8%
The stock has a market cap of $7.61 billion, a price-to-earnings ratio of 20.60 and a beta of 0.58. The company’s 50-day simple moving average is $186.97 and its 200-day simple moving average is $193.15.
Institutional Investors Weigh In On Vanguard Utilities ETF
Several large investors have recently modified their holdings of the stock. Lido Advisors LLC raised its position in shares of Vanguard Utilities ETF by 6.1% during the fourth quarter. Lido Advisors LLC now owns 70,379 shares of the company’s stock worth $13,167,000 after purchasing an additional 4,061 shares during the period. Hamilton Wealth LLC lifted its holdings in shares of Vanguard Utilities ETF by 11.2% during the first quarter. Hamilton Wealth LLC now owns 31,787 shares of the company’s stock valued at $6,298,000 after purchasing an additional 3,206 shares during the last quarter. Bard Associates Inc. boosted its position in shares of Vanguard Utilities ETF by 24.8% in the 4th quarter. Bard Associates Inc. now owns 26,886 shares of the company’s stock valued at $4,975,000 after purchasing an additional 5,349 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Vanguard Utilities ETF by 9.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 51,840 shares of the company’s stock valued at $10,272,000 after purchasing an additional 4,543 shares during the period. Finally, NewEdge Wealth LLC acquired a new position in shares of Vanguard Utilities ETF in the 1st quarter valued at $1,029,000.
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.