Northwestern Mutual Wealth Management Co. Acquires 545,178 Shares of Vanguard Utilities ETF (NYSEARCA:VPU)

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Vanguard Utilities ETF (NYSEARCA:VPU) by 106.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,058,334 shares of the company’s stock after buying an additional 545,178 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 2.94% of Vanguard Utilities ETF worth $156,549,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Beacon Capital Management Inc. boosted its holdings in Vanguard Utilities ETF by 2,772.3% during the first quarter. Beacon Capital Management Inc. now owns 1,169,917 shares of the company’s stock worth $165,871,000 after buying an additional 1,129,186 shares during the last quarter. Cetera Investment Advisers grew its holdings in Vanguard Utilities ETF by 846.2% during the first 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 period. Cetera Advisors LLC increased its stake in Vanguard Utilities ETF by 750.6% in the first quarter. Cetera Advisors LLC now owns 81,534 shares of the company’s stock valued at $11,625,000 after purchasing an additional 71,949 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Vanguard Utilities ETF by 2,878.6% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 52,691 shares of the company’s stock worth $7,513,000 after purchasing an additional 50,922 shares during the period. Finally, LPL Financial LLC boosted its position in shares of Vanguard Utilities ETF by 6.4% during the second quarter. LPL Financial LLC now owns 586,456 shares of the company’s stock worth $86,749,000 after purchasing an additional 35,307 shares in the last quarter.

Vanguard Utilities ETF Stock Up 1.0 %

Shares of VPU stock opened at $173.33 on Friday. Vanguard Utilities ETF has a 12-month low of $118.81 and a 12-month high of $175.35. The firm has a fifty day moving average of $163.43 and a 200-day moving average of $153.27. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 20.65 and a beta of 0.56.

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).