Richmond Brothers Inc. Has $6.79 Million Holdings in Vanguard Utilities ETF $VPU

Richmond Brothers Inc. lowered its position in Vanguard Utilities ETF (NYSEARCA:VPU) by 11.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,718 shares of the company’s stock after selling 4,594 shares during the period. Vanguard Utilities ETF accounts for about 4.3% of Richmond Brothers Inc.’s investment portfolio, making the stock its 7th largest holding. Richmond Brothers Inc.’s holdings in Vanguard Utilities ETF were worth $6,794,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in VPU. Jessup Wealth Management Inc bought a new position in shares of Vanguard Utilities ETF in the 4th quarter worth approximately $27,000. Physician Wealth Advisors Inc. bought a new position in shares of Vanguard Utilities ETF in the 4th quarter worth approximately $31,000. Imprint Wealth LLC bought a new position in shares of Vanguard Utilities ETF in the 3rd quarter worth approximately $38,000. Turning Point Benefit Group Inc. bought a new position in shares of Vanguard Utilities ETF in the 4th quarter worth approximately $48,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in shares of Vanguard Utilities ETF in the 3rd quarter worth approximately $51,000.

Vanguard Utilities ETF Stock Performance

Shares of NYSEARCA:VPU opened at $190.70 on Friday. Vanguard Utilities ETF has a 52-week low of $172.67 and a 52-week high of $206.10. The firm has a market capitalization of $8.38 billion, a P/E ratio of 20.60 and a beta of 0.59. The stock has a 50 day moving average price of $196.11 and a 200-day moving average price of $193.64.

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). 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.