Richmond Brothers Inc. Reduces Stock Position in Vanguard Utilities ETF $VPU

Richmond Brothers Inc. lessened its stake in Vanguard Utilities ETF (NYSEARCA:VPU) by 11.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,718 shares of the company’s stock after selling 4,594 shares during the quarter. Vanguard Utilities ETF makes up about 4.3% of Richmond Brothers Inc.’s holdings, making the stock its 7th largest position. Richmond Brothers Inc. owned approximately 0.09% of Vanguard Utilities ETF worth $6,794,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of VPU. Russell Investments Group Ltd. raised its position in Vanguard Utilities ETF by 12.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 480 shares of the company’s stock valued at $91,000 after purchasing an additional 52 shares during the last quarter. Vivaldi Capital Management LP raised its position in Vanguard Utilities ETF by 4.1% during the 3rd quarter. Vivaldi Capital Management LP now owns 1,352 shares of the company’s stock valued at $256,000 after purchasing an additional 53 shares during the last quarter. Advisory Services Network LLC raised its position in Vanguard Utilities ETF by 1.0% during the 3rd quarter. Advisory Services Network LLC now owns 5,679 shares of the company’s stock valued at $1,076,000 after purchasing an additional 54 shares during the last quarter. Sulzberger Capital Advisors Inc. raised its position in Vanguard Utilities ETF by 1.2% during the 3rd quarter. Sulzberger Capital Advisors Inc. now owns 4,681 shares of the company’s stock valued at $887,000 after purchasing an additional 55 shares during the last quarter. Finally, Robbins Farley raised its position in Vanguard Utilities ETF by 11.7% during the 4th quarter. Robbins Farley now owns 526 shares of the company’s stock valued at $97,000 after purchasing an additional 55 shares during the last quarter.

Vanguard Utilities ETF Price Performance

VPU opened at $190.70 on Friday. The business has a 50 day simple moving average of $196.11 and a two-hundred day simple moving average of $193.64. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of 20.60 and a beta of 0.59. Vanguard Utilities ETF has a one year low of $172.67 and a one year high of $206.10.

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.