Vanguard Utilities ETF (NYSEARCA:VPU) Sees Strong Trading Volume – Should You Buy?

Shares of Vanguard Utilities ETF (NYSEARCA:VPU) saw an uptick in trading volume on Tuesday . 196,687 shares were traded during mid-day trading, a decline of 6% from the previous session’s volume of 210,265 shares.The stock last traded at $172.93 and had previously closed at $170.17.

Vanguard Utilities ETF Stock Performance

The stock has a market cap of $6.24 billion, a P/E ratio of 20.65 and a beta of 0.56. The company has a 50-day simple moving average of $168.80 and a 200-day simple moving average of $166.36.

Hedge Funds Weigh In On Vanguard Utilities ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC acquired a new stake in shares of Vanguard Utilities ETF during the third quarter worth $29,000. Twin Lakes Capital Management LLC acquired a new stake in shares of Vanguard Utilities ETF in the 3rd quarter valued at about $30,000. Beaird Harris Wealth Management LLC acquired a new stake in shares of Vanguard Utilities ETF in the 3rd quarter valued at about $32,000. Signaturefd LLC lifted its holdings in shares of Vanguard Utilities ETF by 64.5% in the third quarter. Signaturefd LLC now owns 232 shares of the company’s stock valued at $40,000 after purchasing an additional 91 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of Vanguard Utilities ETF by 38.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 360 shares of the company’s stock worth $53,000 after buying an additional 100 shares during the period.

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).