Archer Investment Corp Purchases Shares of 555 Vanguard Utilities ETF (NYSEARCA:VPU)

Archer Investment Corp acquired a new position in Vanguard Utilities ETF (NYSEARCA:VPU) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 555 shares of the company’s stock, valued at approximately $97,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its position in Vanguard Utilities ETF by 106.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,058,334 shares of the company’s stock worth $156,549,000 after acquiring an additional 545,178 shares during the period. Cetera Investment Advisers lifted its holdings in Vanguard Utilities ETF by 846.2% in the first quarter. Cetera Investment Advisers now owns 198,388 shares of the company’s stock worth $28,286,000 after purchasing an additional 177,422 shares during the period. Cetera Advisors LLC grew its position in Vanguard Utilities ETF by 750.6% in the 1st quarter. Cetera Advisors LLC now owns 81,534 shares of the company’s stock valued at $11,625,000 after buying an additional 71,949 shares in the last quarter. LPL Financial LLC increased its stake in Vanguard Utilities ETF by 6.4% during the 2nd quarter. LPL Financial LLC now owns 586,456 shares of the company’s stock valued at $86,749,000 after buying an additional 35,307 shares during the period. Finally, Atria Investments Inc acquired a new stake in shares of Vanguard Utilities ETF in the 1st quarter worth approximately $4,315,000.

Vanguard Utilities ETF Trading Up 1.4 %

Shares of NYSEARCA:VPU opened at $171.11 on Friday. Vanguard Utilities ETF has a twelve month low of $128.05 and a twelve month high of $177.51. The firm has a market cap of $6.16 billion, a P/E ratio of 20.65 and a beta of 0.56. The company has a 50 day moving average of $171.50 and a 200-day moving average of $160.73.

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).