Verdence Capital Advisors LLC Purchases 13,873 Shares of Vanguard Utilities ETF $VPU

Verdence Capital Advisors LLC purchased a new position in Vanguard Utilities ETF (NYSEARCA:VPU) during the third quarter, HoldingsChannel reports. The firm purchased 13,873 shares of the company’s stock, valued at approximately $2,372,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of Vanguard Utilities ETF by 3.8% in the first quarter. Bank of America Corp DE now owns 1,042,308 shares of the company’s stock worth $206,523,000 after acquiring an additional 38,435 shares during the period. Envestnet Asset Management Inc. increased its position in Vanguard Utilities ETF by 5.5% during the second quarter. Envestnet Asset Management Inc. now owns 509,148 shares of the company’s stock valued at $99,656,000 after acquiring an additional 26,347 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Vanguard Utilities ETF by 1.4% in the first quarter. Cetera Investment Advisers now owns 188,013 shares of the company’s stock valued at $37,253,000 after acquiring an additional 2,631 shares during the period. Ameritas Advisory Services LLC lifted its holdings in Vanguard Utilities ETF by 47.1% in the second quarter. Ameritas Advisory Services LLC now owns 168,766 shares of the company’s stock valued at $33,033,000 after acquiring an additional 54,051 shares during the period. Finally, Nan Shan Life Insurance Co. Ltd. lifted its holdings in Vanguard Utilities ETF by 41.9% in the second quarter. Nan Shan Life Insurance Co. Ltd. now owns 150,369 shares of the company’s stock valued at $29,432,000 after acquiring an additional 44,405 shares during the period.

Vanguard Utilities ETF Stock Performance

Shares of NYSEARCA:VPU opened at $185.30 on Wednesday. The stock’s 50-day simple moving average is $180.97 and its two-hundred day simple moving average is $191.56. The stock has a market capitalization of $8.33 billion, a price-to-earnings ratio of 20.60 and a beta of 0.57. Vanguard Utilities ETF has a 52-week low of $169.37 and a 52-week high of $206.10.

Vanguard Utilities ETF 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.