Envestnet Portfolio Solutions Inc. Lowers Stock Holdings in Vanguard Utilities ETF (NYSEARCA:VPU)

Envestnet Portfolio Solutions Inc. cut its holdings in Vanguard Utilities ETF (NYSEARCA:VPU) by 7.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,972 shares of the company’s stock after selling 3,719 shares during the quarter. Envestnet Portfolio Solutions Inc. owned 0.14% of Vanguard Utilities ETF worth $7,244,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Beacon Capital Management Inc. boosted its stake in shares of Vanguard Utilities ETF by 2,772.3% in the first quarter. Beacon Capital Management Inc. now owns 1,169,917 shares of the company’s stock valued at $165,871,000 after buying an additional 1,129,186 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Vanguard Utilities ETF by 12.6% during the fourth quarter. Wells Fargo & Company MN now owns 318,375 shares of the company’s stock worth $43,640,000 after purchasing an additional 35,520 shares during the last quarter. UBS Group AG raised its holdings in Vanguard Utilities ETF by 22.9% during the fourth quarter. UBS Group AG now owns 311,149 shares of the company’s stock worth $42,649,000 after purchasing an additional 57,923 shares during the last quarter. Cetera Investment Advisers raised 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 worth $28,286,000 after purchasing an additional 177,422 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in Vanguard Utilities ETF by 7.5% during the first quarter. Osaic Holdings Inc. now owns 159,546 shares of the company’s stock worth $22,762,000 after purchasing an additional 11,138 shares during the last quarter.

Vanguard Utilities ETF Stock Performance

VPU stock traded up $0.01 during midday trading on Wednesday, hitting $160.49. 123,652 shares of the stock were exchanged, compared to its average volume of 204,282. The stock’s 50-day moving average price is $153.17 and its 200-day moving average price is $145.93. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of 20.65 and a beta of 0.56. Vanguard Utilities ETF has a fifty-two week low of $118.81 and a fifty-two week high of $163.73.

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).