Freedom Investment Management Inc. Cuts Position in Vanguard Utilities ETF (NYSEARCA:VPU)

Freedom Investment Management Inc. reduced its holdings in shares of Vanguard Utilities ETF (NYSEARCA:VPU) by 27.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,731 shares of the company’s stock after selling 10,308 shares during the quarter. Freedom Investment Management Inc.’s holdings in Vanguard Utilities ETF were worth $4,827,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in VPU. Northwestern Mutual Wealth Management Co. boosted its position in Vanguard Utilities ETF by 106.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,058,334 shares of the company’s stock worth $156,549,000 after purchasing an additional 545,178 shares during the period. Cetera Investment Advisers boosted its position in shares of Vanguard Utilities ETF by 846.2% in the first quarter. Cetera Investment Advisers now owns 198,388 shares of the company’s stock worth $28,286,000 after buying an additional 177,422 shares during the period. Cetera Advisors LLC grew its stake in shares of Vanguard Utilities ETF by 750.6% in the first quarter. Cetera Advisors LLC now owns 81,534 shares of the company’s stock valued at $11,625,000 after buying an additional 71,949 shares in the last quarter. L & S Advisors Inc purchased a new stake in shares of Vanguard Utilities ETF during the 3rd quarter valued at about $6,153,000. Finally, LPL Financial LLC lifted its position in Vanguard Utilities ETF by 6.4% during the 2nd quarter. LPL Financial LLC now owns 586,456 shares of the company’s stock worth $86,749,000 after acquiring an additional 35,307 shares in the last quarter.

Vanguard Utilities ETF Stock Up 1.4 %

VPU opened at $178.92 on Wednesday. The firm’s 50 day moving average is $172.65 and its 200-day moving average is $162.32. Vanguard Utilities ETF has a 52-week low of $128.05 and a 52-week high of $179.01. The firm has a market capitalization of $6.44 billion, a P/E ratio of 20.65 and a beta of 0.56.

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).