Vanguard Utilities ETF (NYSEARCA:VPU) Stake Reduced by Ballentine Partners LLC

Ballentine Partners LLC reduced its stake in shares of Vanguard Utilities ETF (NYSEARCA:VPU) by 14.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,898 shares of the company’s stock after selling 325 shares during the period. Ballentine Partners LLC’s holdings in Vanguard Utilities ETF were worth $324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its stake in shares of Vanguard Utilities ETF by 38.4% in the fourth quarter. Bank of America Corp DE now owns 982,880 shares of the company’s stock worth $160,622,000 after purchasing an additional 272,625 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Vanguard Utilities ETF in the fourth quarter worth $24,659,000. Two Sigma Investments LP bought a new position in shares of Vanguard Utilities ETF in the fourth quarter worth $17,502,000. Castlekeep Investment Advisors LLC bought a new position in shares of Vanguard Utilities ETF in the fourth quarter worth $14,608,000. Finally, GAMMA Investing LLC grew its stake in shares of Vanguard Utilities ETF by 16,981.1% in the first quarter. GAMMA Investing LLC now owns 67,812 shares of the company’s stock worth $11,583,000 after purchasing an additional 67,415 shares in the last quarter.

Vanguard Utilities ETF Stock Performance

NYSEARCA:VPU opened at $177.11 on Wednesday. Vanguard Utilities ETF has a 1 year low of $151.52 and a 1 year high of $180.04. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of 20.60 and a beta of 0.54. The business has a fifty day moving average of $175.72 and a 200-day moving average of $170.94.

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).