Everstar Asset Management LLC Decreases Stock Holdings in Vanguard Utilities ETF (NYSEARCA:VPU)

Everstar Asset Management LLC lessened its stake in Vanguard Utilities ETF (NYSEARCA:VPU) by 17.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,700 shares of the company’s stock after selling 580 shares during the quarter. Everstar Asset Management LLC’s holdings in Vanguard Utilities ETF were worth $441,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC lifted its stake in Vanguard Utilities ETF by 93,677.4% in the 4th quarter. Wealthfront Advisers LLC now owns 4,582,900 shares of the company’s stock valued at $748,938,000 after buying an additional 4,578,013 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Vanguard Utilities ETF during the 4th quarter worth approximately $24,659,000. Strategic Financial Concepts LLC acquired a new position in shares of Vanguard Utilities ETF during the fourth quarter valued at approximately $20,003,000. Creative Financial Designs Inc. ADV lifted its position in shares of Vanguard Utilities ETF by 715.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 81,825 shares of the company’s stock valued at $13,372,000 after acquiring an additional 71,791 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Vanguard Utilities ETF by 8.5% in the fourth quarter. LPL Financial LLC now owns 667,124 shares of the company’s stock worth $109,021,000 after acquiring an additional 52,348 shares during the last quarter.

Vanguard Utilities ETF Stock Performance

NYSEARCA VPU opened at $169.03 on Monday. The business has a fifty day moving average price of $169.76 and a 200 day moving average price of $170.16. The company has a market cap of $9.86 billion, a P/E ratio of 20.64 and a beta of 0.61. Vanguard Utilities ETF has a one year low of $135.67 and a one year high of $180.04.

Vanguard Utilities ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were paid a $1.2275 dividend. The ex-dividend date was 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).