Vanguard Utilities ETF (NYSEARCA:VPU) Shares Purchased by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE increased its holdings in Vanguard Utilities ETF (NYSEARCA:VPU) by 285.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,667 shares of the company’s stock after buying an additional 7,898 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Vanguard Utilities ETF were worth $1,743,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Golden State Wealth Management LLC purchased a new stake in shares of Vanguard Utilities ETF in the fourth quarter valued at approximately $28,000. Twin Lakes Capital Management LLC purchased a new stake in Vanguard Utilities ETF in the 3rd quarter worth $30,000. Beaird Harris Wealth Management LLC purchased a new stake in Vanguard Utilities ETF in the 3rd quarter worth $32,000. Lee Danner & Bass Inc. acquired a new position in Vanguard Utilities ETF during the fourth quarter worth $49,000. Finally, Hopwood Financial Services Inc. purchased a new position in Vanguard Utilities ETF during the fourth quarter valued at $50,000.

Vanguard Utilities ETF Stock Up 0.6 %

VPU stock opened at $167.78 on Thursday. Vanguard Utilities ETF has a 52 week low of $135.67 and a 52 week high of $180.04. The firm has a 50-day simple moving average of $169.83 and a 200-day simple moving average of $170.10. The stock has a market capitalization of $9.79 billion, a P/E ratio of 20.64 and a beta of 0.61.

Vanguard Utilities ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th will be paid a dividend of $1.2275 per share. The ex-dividend date of this dividend is Tuesday, March 25th.

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).