Institute for Wealth Management LLC. Acquires New Shares in Vanguard Utilities ETF (NYSEARCA:VPU)

Institute for Wealth Management LLC. acquired a new position in Vanguard Utilities ETF (NYSEARCA:VPU) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,010 shares of the company’s stock, valued at approximately $593,000.

A number of other hedge funds have also recently bought and sold shares of VPU. Family Firm Inc. bought a new position in shares of Vanguard Utilities ETF during the 2nd quarter worth approximately $187,000. MontVue Capital Management Inc. grew its stake in shares of Vanguard Utilities ETF by 12.8% during the second quarter. MontVue Capital Management Inc. now owns 2,125 shares of the company’s stock worth $314,000 after purchasing an additional 241 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in shares of Vanguard Utilities ETF by 10.1% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,113 shares of the company’s stock worth $608,000 after buying an additional 379 shares during the period. Exchange Capital Management Inc. increased its stake in Vanguard Utilities ETF by 19.8% in the second quarter. Exchange Capital Management Inc. now owns 23,462 shares of the company’s stock valued at $3,471,000 after purchasing an additional 3,878 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Vanguard Utilities ETF by 0.8% in the 2nd quarter. Fifth Third Bancorp now owns 13,725 shares of the company’s stock valued at $2,030,000 after buying an additional 104 shares in the last quarter.

Vanguard Utilities ETF Trading Up 0.3 %

Shares of NYSEARCA:VPU traded up $0.52 during trading on Friday, hitting $163.31. 135,563 shares of the company’s stock traded hands, compared to its average volume of 202,520. The company has a market cap of $5.88 billion, a price-to-earnings ratio of 20.65 and a beta of 0.56. The company has a 50-day moving average price of $154.57 and a 200-day moving average price of $147.38. Vanguard Utilities ETF has a 52 week low of $118.81 and a 52 week high of $164.00.

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).