Summit Financial LLC Buys 270 Shares of Vanguard Utilities ETF (NYSEARCA:VPU)

Summit Financial LLC boosted its position in shares of Vanguard Utilities ETF (NYSEARCA:VPU) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,469 shares of the company’s stock after purchasing an additional 270 shares during the quarter. Summit Financial LLC’s holdings in Vanguard Utilities ETF were worth $1,221,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Golden State Wealth Management LLC acquired a new position in shares of Vanguard Utilities ETF during the fourth quarter valued at about $28,000. Twin Lakes Capital Management LLC acquired a new position in Vanguard Utilities ETF during the 3rd quarter valued at approximately $30,000. Beaird Harris Wealth Management LLC purchased a new position in shares of Vanguard Utilities ETF in the third quarter worth $32,000. Brown Brothers Harriman & Co. purchased a new position in shares of Vanguard Utilities ETF in the fourth quarter worth $36,000. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of Vanguard Utilities ETF during the fourth quarter worth $49,000.

Vanguard Utilities ETF Price Performance

NYSEARCA VPU opened at $171.33 on Wednesday. The company has a market cap of $10.00 billion, a price-to-earnings ratio of 19.97 and a beta of 0.57. The stock’s fifty day moving average price is $169.75 and its 200 day moving average price is $170.19. Vanguard Utilities ETF has a 1 year low of $135.67 and a 1 year high of $180.04.

Vanguard Utilities ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were issued a $1.2275 dividend. The ex-dividend date of this dividend was 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).