LPL Financial LLC Raises Stock Holdings in Vanguard Utilities ETF (NYSEARCA:VPU)

LPL Financial LLC raised its stake in Vanguard Utilities ETF (NYSEARCA:VPU) by 8.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 667,124 shares of the company’s stock after purchasing an additional 52,348 shares during the period. LPL Financial LLC owned 1.85% of Vanguard Utilities ETF worth $109,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in VPU. Lee Danner & Bass Inc. acquired a new position in shares of Vanguard Utilities ETF during the fourth quarter worth $49,000. Richmond Brothers Inc. grew its stake in Vanguard Utilities ETF by 9.9% during the 4th quarter. Richmond Brothers Inc. now owns 46,134 shares of the company’s stock worth $7,539,000 after buying an additional 4,169 shares during the last quarter. North Forty Two & Co. acquired a new position in Vanguard Utilities ETF during the 4th quarter valued at about $1,025,000. VSM Wealth Advisory LLC purchased a new stake in Vanguard Utilities ETF in the fourth quarter valued at about $186,000. Finally, Compass Ion Advisors LLC raised its stake in Vanguard Utilities ETF by 37.1% in the fourth quarter. Compass Ion Advisors LLC now owns 11,185 shares of the company’s stock valued at $1,828,000 after buying an additional 3,024 shares during the last quarter.

Vanguard Utilities ETF Stock Performance

Shares of VPU stock opened at $166.74 on Wednesday. Vanguard Utilities ETF has a fifty-two week low of $135.67 and a fifty-two week high of $180.04. The firm has a market capitalization of $9.73 billion, a price-to-earnings ratio of 20.64 and a beta of 0.61. The stock’s 50-day simple moving average is $169.79 and its 200-day simple moving average is $170.12.

Vanguard Utilities ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th will be given a dividend of $1.2275 per share. The ex-dividend date is Tuesday, March 25th.

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).