LPL Financial LLC Sells 49,754 Shares of Vanguard Utilities ETF (NYSEARCA:VPU)

LPL Financial LLC reduced its stake in Vanguard Utilities ETF (NYSEARCA:VPU) by 7.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 617,370 shares of the company’s stock after selling 49,754 shares during the period. LPL Financial LLC owned 1.06% of Vanguard Utilities ETF worth $105,453,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. First Heartland Consultants Inc. boosted its stake in shares of Vanguard Utilities ETF by 92.2% during the first quarter. First Heartland Consultants Inc. now owns 7,670 shares of the company’s stock valued at $1,310,000 after purchasing an additional 3,679 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Vanguard Utilities ETF by 231.8% during the first quarter. Assetmark Inc. now owns 5,014 shares of the company’s stock valued at $856,000 after purchasing an additional 3,503 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Vanguard Utilities ETF by 6.9% during the first quarter. Cetera Investment Advisers now owns 218,335 shares of the company’s stock valued at $37,294,000 after purchasing an additional 14,147 shares in the last quarter. Brookwood Investment Group LLC bought a new position in shares of Vanguard Utilities ETF during the first quarter valued at approximately $870,000. Finally, Kovack Advisors Inc. boosted its stake in shares of Vanguard Utilities ETF by 3.4% during the first quarter. Kovack Advisors Inc. now owns 2,491 shares of the company’s stock valued at $426,000 after purchasing an additional 81 shares in the last quarter.

Vanguard Utilities ETF Stock Up 1.0%

Shares of VPU opened at $182.78 on Wednesday. The company has a market cap of $7.25 billion, a price-to-earnings ratio of 20.60 and a beta of 0.54. Vanguard Utilities ETF has a twelve month low of $154.00 and a twelve month high of $185.75. The company has a 50 day moving average of $177.03 and a two-hundred day moving average of $172.13.

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).