Belpointe Asset Management LLC Has $236,000 Stake in Vanguard Utilities ETF $VPU

Belpointe Asset Management LLC decreased its position in shares of Vanguard Utilities ETF (NYSEARCA:VPU) by 38.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,337 shares of the company’s stock after selling 842 shares during the period. Belpointe Asset Management LLC’s holdings in Vanguard Utilities ETF were worth $236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Valeo Financial Advisors LLC acquired a new stake in shares of Vanguard Utilities ETF during the second quarter worth approximately $783,000. Sage Financial Group Inc. bought a new stake in shares of Vanguard Utilities ETF during the second quarter valued at approximately $205,000. DAVENPORT & Co LLC grew its stake in shares of Vanguard Utilities ETF by 364.5% during the second quarter. DAVENPORT & Co LLC now owns 7,121 shares of the company’s stock valued at $1,257,000 after purchasing an additional 5,588 shares during the last quarter. Woodmont Investment Counsel LLC bought a new stake in shares of Vanguard Utilities ETF during the second quarter valued at approximately $397,000. Finally, Wealthcare Advisory Partners LLC grew its stake in shares of Vanguard Utilities ETF by 80.5% during the second quarter. Wealthcare Advisory Partners LLC now owns 3,309 shares of the company’s stock valued at $584,000 after purchasing an additional 1,476 shares during the last quarter.

Vanguard Utilities ETF Price Performance

VPU opened at $195.50 on Friday. Vanguard Utilities ETF has a one year low of $154.00 and a one year high of $198.18. The company’s 50 day simple moving average is $186.40 and its 200-day simple moving average is $178.33. The stock has a market capitalization of $7.98 billion, a P/E ratio of 20.60 and a beta of 0.54.

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).