Sequoia Financial Advisors LLC Takes $615,000 Position in Vanguard Utilities ETF (NYSEARCA:VPU)

Sequoia Financial Advisors LLC purchased a new position in shares of Vanguard Utilities ETF (NYSEARCA:VPU) in the 4th quarter, HoldingsChannel reports. The firm purchased 3,763 shares of the company’s stock, valued at approximately $615,000.

Several other hedge funds have also recently added to or reduced their stakes in VPU. Assetmark Inc. raised its holdings in Vanguard Utilities ETF by 245.6% during the 3rd quarter. Assetmark Inc. now owns 750 shares of the company’s stock worth $131,000 after purchasing an additional 533 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in Vanguard Utilities ETF by 43.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 3,771 shares of the company’s stock worth $656,000 after purchasing an additional 1,135 shares during the last quarter. OneDigital Investment Advisors LLC raised its holdings in Vanguard Utilities ETF by 8.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,976 shares of the company’s stock worth $866,000 after purchasing an additional 400 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Vanguard Utilities ETF by 16.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 4,449 shares of the company’s stock worth $777,000 after purchasing an additional 619 shares during the last quarter. Finally, Strengthening Families & Communities LLC raised its holdings in Vanguard Utilities ETF by 4.3% during the 3rd quarter. Strengthening Families & Communities LLC now owns 15,527 shares of the company’s stock worth $2,702,000 after purchasing an additional 635 shares during the last quarter.

Vanguard Utilities ETF Stock Performance

Vanguard Utilities ETF stock opened at $171.62 on Tuesday. The firm has a 50 day moving average price of $168.98 and a two-hundred day moving average price of $169.91. The firm has a market cap of $10.01 billion, a price-to-earnings ratio of 20.64 and a beta of 0.61. Vanguard Utilities ETF has a 52-week low of $135.67 and a 52-week high of $180.04.

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).