Powers Advisory Group LLC Takes $215,000 Position in Vanguard Utilities ETF (NYSEARCA:VPU)

Powers Advisory Group LLC acquired a new position in shares of Vanguard Utilities ETF (NYSEARCA:VPU) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,234 shares of the company’s stock, valued at approximately $215,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Headlands Technologies LLC bought a new stake in Vanguard Utilities ETF in the 2nd quarter valued at $25,000. Register Financial Advisors LLC acquired a new stake in shares of Vanguard Utilities ETF during the 1st quarter worth about $27,000. Clean Yield Group bought a new stake in shares of Vanguard Utilities ETF during the 1st quarter worth about $37,000. Ashton Thomas Private Wealth LLC acquired a new position in Vanguard Utilities ETF in the 2nd quarter valued at about $37,000. Finally, ORG Partners LLC bought a new position in Vanguard Utilities ETF in the 2nd quarter valued at about $40,000.

Vanguard Utilities ETF Stock Performance

VPU opened at $176.31 on Friday. The stock has a fifty day moving average of $168.38 and a 200-day moving average of $156.91. Vanguard Utilities ETF has a fifty-two week low of $123.31 and a fifty-two week high of $177.51. The company has a market capitalization of $6.35 billion, a P/E ratio of 20.65 and a beta of 0.56.

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).