Steel Grove Capital Advisors LLC Takes Position in Vanguard Utilities ETF (NYSEARCA:VPU)

Steel Grove Capital Advisors LLC bought a new stake in Vanguard Utilities ETF (NYSEARCA:VPU) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,375 shares of the company’s stock, valued at approximately $647,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Tortoise Investment Management LLC boosted its holdings in shares of Vanguard Utilities ETF by 5.5% in the second quarter. Tortoise Investment Management LLC now owns 1,263 shares of the company’s stock valued at $187,000 after acquiring an additional 66 shares in the last quarter. Inspire Advisors LLC boosted its holdings in shares of Vanguard Utilities ETF by 2.1% in the first quarter. Inspire Advisors LLC now owns 3,310 shares of the company’s stock valued at $472,000 after acquiring an additional 69 shares in the last quarter. Comerica Bank boosted its holdings in Vanguard Utilities ETF by 1.4% during the first quarter. Comerica Bank now owns 5,136 shares of the company’s stock worth $732,000 after buying an additional 71 shares in the last quarter. Maltin Wealth Management Inc. boosted its holdings in Vanguard Utilities ETF by 1.9% during the second quarter. Maltin Wealth Management Inc. now owns 3,967 shares of the company’s stock worth $587,000 after buying an additional 75 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Vanguard Utilities ETF by 2.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,869 shares of the company’s stock worth $552,000 after buying an additional 87 shares in the last quarter.

Vanguard Utilities ETF Trading Up 2.4 %

VPU stock opened at $172.84 on Monday. The company has a market cap of $6.22 billion, a P/E ratio of 20.65 and a beta of 0.56. Vanguard Utilities ETF has a 52 week low of $118.81 and a 52 week high of $173.11. The company’s 50-day moving average price is $161.29 and its 200 day moving average price is $152.24.

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).