Axiom Financial Strategies LLC Makes New $486,000 Investment in Vanguard Utilities ETF $VPU

Axiom Financial Strategies LLC bought a new stake in Vanguard Utilities ETF (NYSEARCA:VPU) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,568 shares of the company’s stock, valued at approximately $486,000.

A number of other hedge funds have also recently made changes to their positions in the company. Beacon Capital Management Inc. increased its stake in shares of Vanguard Utilities ETF by 178.2% in the second quarter. Beacon Capital Management Inc. now owns 737,018 shares of the company’s stock valued at $130,091,000 after buying an additional 472,113 shares during the period. Laurel Wealth Advisors LLC boosted its position in Vanguard Utilities ETF by 39,275.4% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 255,940 shares of the company’s stock worth $45,176,000 after buying an additional 255,290 shares during the period. Corient Private Wealth LLC boosted its position in Vanguard Utilities ETF by 90.6% during the 2nd quarter. Corient Private Wealth LLC now owns 228,180 shares of the company’s stock worth $40,277,000 after buying an additional 108,479 shares during the period. BNP Paribas Financial Markets grew its holdings in Vanguard Utilities ETF by 52,392.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 77,164 shares of the company’s stock worth $13,620,000 after acquiring an additional 77,017 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Vanguard Utilities ETF by 5.7% during the 2nd quarter. Bank of America Corp DE now owns 974,255 shares of the company’s stock worth $171,966,000 after acquiring an additional 52,880 shares during the last quarter.

Vanguard Utilities ETF Stock Performance

Shares of NYSEARCA VPU opened at $202.59 on Friday. The firm has a 50 day moving average price of $193.59 and a two-hundred day moving average price of $191.08. The stock has a market cap of $8.61 billion, a P/E ratio of 20.60 and a beta of 0.61. Vanguard Utilities ETF has a 52-week low of $154.00 and a 52-week high of $206.10.

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). This GICS sector is made up of those companies considered electric, gas, or water utilities, or companies that operate as independent producers and/or distributors of power.