Vanguard Utilities ETF (NYSEARCA:VPU) Hits New 12-Month High – Here’s Why

Vanguard Utilities ETF (NYSEARCA:VPU)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $176.54 and last traded at $176.43, with a volume of 106356 shares changing hands. The stock had previously closed at $173.72.

Vanguard Utilities ETF Stock Performance

The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 20.65 and a beta of 0.56. The business’s 50-day moving average is $168.04 and its 200-day moving average is $156.57.

Institutional Investors Weigh In On Vanguard Utilities ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Beacon Capital Management Inc. boosted its stake in shares of Vanguard Utilities ETF by 2,772.3% in the 1st quarter. Beacon Capital Management Inc. now owns 1,169,917 shares of the company’s stock valued at $165,871,000 after purchasing an additional 1,129,186 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Vanguard Utilities ETF by 106.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,058,334 shares of the company’s stock valued at $156,549,000 after purchasing an additional 545,178 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Vanguard Utilities ETF by 6.4% in the 2nd quarter. LPL Financial LLC now owns 586,456 shares of the company’s stock valued at $86,749,000 after purchasing an additional 35,307 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Vanguard Utilities ETF by 846.2% in the 1st quarter. Cetera Investment Advisers now owns 198,388 shares of the company’s stock valued at $28,286,000 after purchasing an additional 177,422 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in shares of Vanguard Utilities ETF by 7.5% in the 1st quarter. Osaic Holdings Inc. now owns 159,546 shares of the company’s stock valued at $22,762,000 after purchasing an additional 11,138 shares during the last quarter.

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).