McAdam LLC Reduces Stake in Vanguard Utilities ETF (NYSEARCA:VPU)

McAdam LLC trimmed its stake in Vanguard Utilities ETF (NYSEARCA:VPU) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,109 shares of the company’s stock after selling 89 shares during the quarter. McAdam LLC’s holdings in Vanguard Utilities ETF were worth $608,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Inspire Advisors LLC raised its position 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 purchasing an additional 69 shares during the period. Comerica Bank raised its position in shares of Vanguard Utilities ETF by 1.4% in the first quarter. Comerica Bank now owns 5,136 shares of the company’s stock valued at $732,000 after purchasing an additional 71 shares during the period. Maltin Wealth Management Inc. raised its position in shares of Vanguard Utilities ETF by 1.9% in the second quarter. Maltin Wealth Management Inc. now owns 3,967 shares of the company’s stock valued at $587,000 after purchasing an additional 75 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Vanguard Utilities ETF by 2.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,869 shares of the company’s stock valued at $552,000 after purchasing an additional 87 shares during the period. Finally, Bridge Creek Capital Management LLC raised its position in shares of Vanguard Utilities ETF by 4.6% in the second quarter. Bridge Creek Capital Management LLC now owns 2,068 shares of the company’s stock valued at $306,000 after purchasing an additional 90 shares during the period.

Vanguard Utilities ETF Trading Up 0.3 %

Vanguard Utilities ETF stock opened at $163.31 on Friday. The firm’s 50 day simple moving average is $154.57 and its 200 day simple moving average is $147.38. The firm has a market capitalization of $5.88 billion, a PE ratio of 20.65 and a beta of 0.56. Vanguard Utilities ETF has a 1-year low of $118.81 and a 1-year high of $164.00.

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).