Valeo Financial Advisors LLC Purchases New Stake in Vanguard Utilities ETF $VPU

Valeo Financial Advisors LLC purchased a new stake in Vanguard Utilities ETF (NYSEARCA:VPU) in the 2nd quarter, HoldingsChannel reports. The fund purchased 4,437 shares of the company’s stock, valued at approximately $783,000.

Several other hedge funds have also bought and sold shares of VPU. TIAA Trust National Association lifted its stake in Vanguard Utilities ETF by 2,023.8% during the 1st quarter. TIAA Trust National Association now owns 96,441 shares of the company’s stock valued at $16,473,000 after acquiring an additional 91,900 shares in the last quarter. Nan Shan Life Insurance Co. Ltd. lifted its stake in Vanguard Utilities ETF by 166.4% during the 1st quarter. Nan Shan Life Insurance Co. Ltd. now owns 103,880 shares of the company’s stock valued at $17,744,000 after acquiring an additional 64,880 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Vanguard Utilities ETF by 8.2% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 611,050 shares of the company’s stock valued at $104,373,000 after acquiring an additional 46,436 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Vanguard Utilities ETF by 18.0% during the 1st quarter. Ameriprise Financial Inc. now owns 263,041 shares of the company’s stock valued at $44,935,000 after acquiring an additional 40,035 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Vanguard Utilities ETF by 6.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 643,021 shares of the company’s stock valued at $109,834,000 after acquiring an additional 40,025 shares in the last quarter.

Vanguard Utilities ETF Trading Up 0.7%

Shares of NYSEARCA:VPU opened at $196.94 on Thursday. The stock’s fifty day simple moving average is $185.97 and its two-hundred day simple moving average is $177.88. Vanguard Utilities ETF has a 1-year low of $154.00 and a 1-year high of $197.11. The stock has a market cap of $7.97 billion, a PE ratio of 20.60 and a beta of 0.54.

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).