Vanguard Utilities ETF (NYSEARCA:VPU) Sees Unusually-High Trading Volume – Here’s Why

Vanguard Utilities ETF (NYSEARCA:VPU) shares saw strong trading volume on Tuesday . 1,169,454 shares changed hands during trading, an increase of 346% from the previous session’s volume of 262,106 shares.The stock last traded at $179.3420 and had previously closed at $180.77.

Vanguard Utilities ETF Trading Down 1.1%

The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of 20.60 and a beta of 0.58. The firm has a fifty day moving average price of $190.60 and a 200 day moving average price of $194.89.

Hedge Funds Weigh In On Vanguard Utilities ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC lifted its position in Vanguard Utilities ETF by 7.0% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 27,728 shares of the company’s stock worth $5,427,000 after buying an additional 1,825 shares in the last quarter. RFG Advisory LLC increased its position in Vanguard Utilities ETF by 1.6% in the 2nd quarter. RFG Advisory LLC now owns 6,027 shares of the company’s stock valued at $1,180,000 after acquiring an additional 94 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Vanguard Utilities ETF by 60.9% in the second quarter. NewEdge Advisors LLC now owns 43,979 shares of the company’s stock worth $8,608,000 after acquiring an additional 16,640 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Vanguard Utilities ETF by 16.3% in the second quarter. IFP Advisors Inc now owns 15,520 shares of the company’s stock worth $3,038,000 after acquiring an additional 2,172 shares during the last quarter. Finally, One Charles Private Wealth Services LLC raised its stake in shares of Vanguard Utilities ETF by 7.5% in the second quarter. One Charles Private Wealth Services LLC now owns 1,319 shares of the company’s stock worth $258,000 after acquiring an additional 92 shares during the last quarter.

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). This GICS sector is made up of those companies considered electric, gas, or water utilities, or companies that operate as independent producers and/or distributors of power.