Sharper & Granite LLC Cuts Stock Position in Vanguard Utilities ETF $VPU

Sharper & Granite LLC lessened its stake in shares of Vanguard Utilities ETF (NYSEARCA:VPU) by 15.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,925 shares of the company’s stock after selling 1,670 shares during the period. Sharper & Granite LLC’s holdings in Vanguard Utilities ETF were worth $1,567,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its stake in shares of Vanguard Utilities ETF by 6.6% in the first quarter. Envestnet Asset Management Inc. now owns 643,021 shares of the company’s stock worth $109,834,000 after acquiring an additional 40,025 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position 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 purchasing an additional 46,436 shares during the last quarter. Empower Advisory Group LLC increased its stake in Vanguard Utilities ETF by 4.6% during the 1st quarter. Empower Advisory Group LLC now owns 380,900 shares of the company’s stock valued at $65,062,000 after purchasing an additional 16,842 shares in the last quarter. Ameriprise Financial Inc. increased 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 purchasing an additional 40,035 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in Vanguard Utilities ETF by 6.9% in the first quarter. Cetera Investment Advisers now owns 218,335 shares of the company’s stock worth $37,294,000 after buying an additional 14,147 shares during the last quarter.

Vanguard Utilities ETF Stock Down 0.0%

NYSEARCA:VPU opened at $195.65 on Friday. Vanguard Utilities ETF has a 52 week low of $154.00 and a 52 week high of $203.15. The company’s 50 day moving average price is $188.46 and its 200-day moving average price is $180.13. The stock has a market cap of $7.99 billion, a price-to-earnings 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).