Kovack Advisors Inc. Acquires 262 Shares of Vanguard Utilities ETF (NYSEARCA:VPU)

Kovack Advisors Inc. grew its holdings in shares of Vanguard Utilities ETF (NYSEARCA:VPU) by 12.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,410 shares of the company’s stock after acquiring an additional 262 shares during the quarter. Kovack Advisors Inc.’s holdings in Vanguard Utilities ETF were worth $394,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. DMKC Advisory Services LLC bought a new stake in Vanguard Utilities ETF during the 4th quarter worth $4,530,000. Exchange Capital Management Inc. grew its holdings in shares of Vanguard Utilities ETF by 6.0% during the fourth quarter. Exchange Capital Management Inc. now owns 28,362 shares of the company’s stock worth $4,635,000 after purchasing an additional 1,597 shares during the last quarter. Rothschild Investment LLC grew its holdings in shares of Vanguard Utilities ETF by 4.3% during the fourth quarter. Rothschild Investment LLC now owns 4,411 shares of the company’s stock worth $721,000 after purchasing an additional 180 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Vanguard Utilities ETF by 50.1% in the fourth quarter. IFP Advisors Inc now owns 914 shares of the company’s stock valued at $149,000 after buying an additional 305 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in Vanguard Utilities ETF in the 4th quarter valued at approximately $433,000.

Vanguard Utilities ETF Price Performance

VPU opened at $171.47 on Friday. Vanguard Utilities ETF has a fifty-two week low of $132.10 and a fifty-two week high of $180.04. The company’s 50 day moving average price is $168.07 and its two-hundred day moving average price is $169.32. The firm has a market capitalization of $10.01 billion, a price-to-earnings ratio of 20.98 and a beta of 0.65.

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).