Vanguard Utilities ETF (NYSEARCA:VPU) Sees Unusually-High Trading Volume – Still a Buy?

Vanguard Utilities ETF (NYSEARCA:VPU) saw unusually-high trading volume on Tuesday . Approximately 1,169,454 shares were traded during trading, an increase of 346% from the previous session’s volume of 262,106 shares.The stock last traded at $179.3420 and had previously closed at $180.77.

Vanguard Utilities ETF Stock Down 1.1%

The business’s fifty day moving average is $190.60 and its two-hundred day moving average is $194.89. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of 20.60 and a beta of 0.58.

Institutional Trading of Vanguard Utilities ETF

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its position in Vanguard Utilities ETF by 3.8% in the first quarter. Bank of America Corp DE now owns 1,042,308 shares of the company’s stock valued at $206,523,000 after acquiring an additional 38,435 shares during the period. LPL Financial LLC lifted its holdings in shares of Vanguard Utilities ETF by 7.3% during the fourth quarter. LPL Financial LLC now owns 893,163 shares of the company’s stock valued at $165,271,000 after acquiring an additional 60,554 shares during the period. New England Private Wealth Advisors LLC boosted its stake in shares of Vanguard Utilities ETF by 1,879.2% in the 4th quarter. New England Private Wealth Advisors LLC now owns 475,432 shares of the company’s stock valued at $88,749,000 after purchasing an additional 451,410 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Vanguard Utilities ETF by 1.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 203,334 shares of the company’s stock valued at $37,625,000 after purchasing an additional 3,084 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Vanguard Utilities ETF by 1.4% in the 1st quarter. Cetera Investment Advisers now owns 188,013 shares of the company’s stock worth $37,253,000 after purchasing an additional 2,631 shares during the last quarter.

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). This GICS sector is made up of those companies considered electric, gas, or water utilities, or companies that operate as independent producers and/or distributors of power.