Vanguard Utilities ETF (NYSEARCA:VPU) Reaches New 52-Week High – Here’s Why

Shares of Vanguard Utilities ETF (NYSEARCA:VPU) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $203.50 and last traded at $202.1410, with a volume of 57902 shares. The stock had previously closed at $201.32.

Vanguard Utilities ETF Stock Performance

The company has a market cap of $8.56 billion, a PE ratio of 20.60 and a beta of 0.61. The business’s 50-day moving average is $187.36 and its 200 day moving average is $188.96.

Hedge Funds Weigh In On Vanguard Utilities ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. &PARTNERS boosted its holdings in shares of Vanguard Utilities ETF by 32.3% during the 4th quarter. &PARTNERS now owns 14,132 shares of the company’s stock valued at $2,615,000 after buying an additional 3,449 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Vanguard Utilities ETF by 0.8% in the 4th quarter. Blair William & Co. IL now owns 57,412 shares of the company’s stock worth $10,623,000 after purchasing an additional 438 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Vanguard Utilities ETF by 8.1% in the 4th quarter. Royal Bank of Canada now owns 211,919 shares of the company’s stock worth $39,214,000 after buying an additional 15,958 shares during the last quarter. MLP3 LLC bought a new position in Vanguard Utilities ETF during the 4th quarter valued at approximately $359,000. Finally, MML Investors Services LLC raised its stake in Vanguard Utilities ETF by 21.3% during the fourth quarter. MML Investors Services LLC now owns 103,107 shares of the company’s stock valued at $19,079,000 after buying an additional 18,104 shares during the last quarter.

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.