Freedom Investment Management Inc. Trims Stock Position in Vanguard Utilities ETF (NYSEARCA:VPU)

Freedom Investment Management Inc. trimmed its holdings in shares of Vanguard Utilities ETF (NYSEARCA:VPU) by 27.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,731 shares of the company’s stock after selling 10,308 shares during the period. Freedom Investment Management Inc. owned about 0.08% of Vanguard Utilities ETF worth $4,827,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Vanguard Utilities ETF by 106.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,058,334 shares of the company’s stock worth $156,549,000 after purchasing an additional 545,178 shares during the last quarter. LPL Financial LLC increased its stake in shares of Vanguard Utilities ETF by 4.8% during the 3rd quarter. LPL Financial LLC now owns 614,776 shares of the company’s stock valued at $107,002,000 after acquiring an additional 28,320 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Vanguard Utilities ETF by 846.2% during the 1st quarter. Cetera Investment Advisers now owns 198,388 shares of the company’s stock worth $28,286,000 after acquiring an additional 177,422 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Vanguard Utilities ETF by 2.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 159,293 shares of the company’s stock worth $23,563,000 after acquiring an additional 3,515 shares during the last quarter. Finally, Allied Investment Advisors LLC grew its holdings in Vanguard Utilities ETF by 1.0% in the third quarter. Allied Investment Advisors LLC now owns 132,249 shares of the company’s stock valued at $23,018,000 after purchasing an additional 1,324 shares during the period.

Vanguard Utilities ETF Stock Up 1.4 %

Shares of VPU opened at $178.92 on Wednesday. The firm has a market cap of $6.44 billion, a PE ratio of 20.65 and a beta of 0.56. The company’s fifty day moving average is $172.65 and its two-hundred day moving average is $162.32. Vanguard Utilities ETF has a fifty-two week low of $128.05 and a fifty-two week high of $179.01.

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).