Financial Freedom LLC Sells 308 Shares of Vanguard Utilities ETF (NYSEARCA:VPU)

Financial Freedom LLC lessened its stake in shares of Vanguard Utilities ETF (NYSEARCA:VPU) by 15.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,689 shares of the company’s stock after selling 308 shares during the period. Financial Freedom LLC’s holdings in Vanguard Utilities ETF were worth $288,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of VPU. Wealthfront Advisers LLC lifted its position in shares of Vanguard Utilities ETF by 93,677.4% during the 4th quarter. Wealthfront Advisers LLC now owns 4,582,900 shares of the company’s stock worth $748,938,000 after buying an additional 4,578,013 shares during the period. Bank of America Corp DE lifted its position in shares of Vanguard Utilities ETF by 38.4% during the 4th quarter. Bank of America Corp DE now owns 982,880 shares of the company’s stock worth $160,622,000 after buying an additional 272,625 shares during the period. Raymond James Financial Inc. bought a new position in shares of Vanguard Utilities ETF during the 4th quarter worth approximately $24,659,000. Two Sigma Investments LP bought a new position in shares of Vanguard Utilities ETF during the 4th quarter worth approximately $17,502,000. Finally, Castlekeep Investment Advisors LLC bought a new position in shares of Vanguard Utilities ETF during the 4th quarter worth approximately $14,608,000.

Vanguard Utilities ETF Price Performance

Vanguard Utilities ETF stock opened at $175.21 on Tuesday. The company has a market capitalization of $10.36 billion, a PE ratio of 20.93 and a beta of 0.60. Vanguard Utilities ETF has a one year low of $146.45 and a one year high of $180.04. The business has a 50 day simple moving average of $172.56 and a 200 day simple moving average of $169.69.

Vanguard Utilities ETF 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).