LPL Financial LLC Has $107 Million Stock Holdings in Vanguard Utilities ETF (NYSEARCA:VPU)

LPL Financial LLC raised its stake in Vanguard Utilities ETF (NYSEARCA:VPU) by 4.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 614,776 shares of the company’s stock after buying an additional 28,320 shares during the period. LPL Financial LLC’s holdings in Vanguard Utilities ETF were worth $107,002,000 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 stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Vanguard Utilities ETF by 106.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,058,334 shares of the company’s stock valued at $156,549,000 after acquiring an additional 545,178 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Vanguard Utilities ETF by 846.2% during the first quarter. Cetera Investment Advisers now owns 198,388 shares of the company’s stock worth $28,286,000 after purchasing an additional 177,422 shares during the last quarter. Cetera Advisors LLC increased 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 during the period. Atria Investments Inc bought a new position in Vanguard Utilities ETF in the 1st quarter valued at approximately $4,315,000. Finally, Goldstone Financial Group LLC acquired a new stake in Vanguard Utilities ETF during the 3rd quarter worth approximately $4,853,000.

Vanguard Utilities ETF Price Performance

VPU opened at $176.05 on Friday. Vanguard Utilities ETF has a fifty-two week low of $128.05 and a fifty-two week high of $177.51. The company’s 50 day moving average price is $172.25 and its two-hundred day moving average price is $161.67. The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of 20.65 and a beta of 0.56.

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).