Richmond Brothers Inc. Has $7.54 Million Holdings in Vanguard Utilities ETF (NYSEARCA:VPU)

Richmond Brothers Inc. boosted its holdings in Vanguard Utilities ETF (NYSEARCA:VPU) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,134 shares of the company’s stock after buying an additional 4,169 shares during the quarter. Vanguard Utilities ETF makes up approximately 4.8% of Richmond Brothers Inc.’s investment portfolio, making the stock its 7th largest position. Richmond Brothers Inc.’s holdings in Vanguard Utilities ETF were worth $7,539,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Wealthfront Advisers LLC raised its holdings in Vanguard Utilities ETF by 93,677.4% in the 4th quarter. Wealthfront Advisers LLC now owns 4,582,900 shares of the company’s stock valued at $748,938,000 after buying an additional 4,578,013 shares during the last quarter. LPL Financial LLC raised its holdings in Vanguard Utilities ETF by 4.8% in the 3rd quarter. LPL Financial LLC now owns 614,776 shares of the company’s stock valued at $107,002,000 after buying an additional 28,320 shares during the last quarter. Captrust Financial Advisors raised its holdings in Vanguard Utilities ETF by 31.0% in the 3rd quarter. Captrust Financial Advisors now owns 195,762 shares of the company’s stock valued at $34,072,000 after buying an additional 46,299 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in Vanguard Utilities ETF by 3.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 158,804 shares of the company’s stock valued at $25,952,000 after buying an additional 5,969 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Vanguard Utilities ETF in the 4th quarter valued at approximately $24,659,000.

Vanguard Utilities ETF Price Performance

Shares of NYSEARCA VPU opened at $170.42 on Wednesday. The company has a 50 day simple moving average of $169.11 and a 200 day simple moving average of $169.94. The firm has a market cap of $9.94 billion, a PE ratio of 20.64 and a beta of 0.61. Vanguard Utilities ETF has a 1 year low of $135.67 and a 1 year high of $180.04.

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).