Apollon Wealth Management Acquires Vanguard Utilities ETF Shares

Apollon Wealth Management LLC recently made a notable investment by acquiring a new stake in the Vanguard Utilities ETF (NYSEARCA:VPU – Free Report) during the fourth quarter, as reported in their latest filing with the Securities and Exchange Commission. This institutional investor purchased 1,393 shares of the ETF, amounting to approximately $228,000.

In addition to Apollon Wealth Management, several other significant investors have also engaged in buying and selling shares of the Vanguard Utilities ETF. Golden State Wealth Management LLC entered the market with a new stake in the fourth quarter valued at about $28,000. Likewise, Ashton Thomas Securities LLC acquired a stake during the third quarter worth around $29,000. Twin Lakes Capital Management LLC also joined the trend in the third quarter with an investment estimated at $30,000, while Beaird Harris Wealth Management LLC made a similar move, buying a new position valued at $32,000. Furthermore, Signaturefd LLC increased its stake in the Vanguard Utilities ETF by 64.5% during the third quarter, now holding 232 shares valued at $40,000 after purchasing an additional 91 shares last quarter.

Current Stock Performance of Vanguard Utilities ETF

As of the latest updates, the Vanguard Utilities ETF opened at $170.69. The ETF boasts a market capitalization of $6.14 billion, a price-to-earnings ratio of 20.65, and a beta of 0.56, indicating low volatility. The fifty-day moving average for the ETF stands at $166.87, while the 200-day moving average is at $168.49. Over the past year, the ETF has seen a low of $130.95 and a high of $180.04.

About Vanguard Utilities ETF

The Vanguard Utilities ETF (the Fund) represents an exchange-traded class of shares issued by the Vanguard Utilities Index Fund. It tracks the performance of the Morgan Stanley Capital International United States Investable Market Utilities Index. This index comprises stocks from large, medium, and small U.S. companies categorized under the utilities sector, following the Global Industry Classification Standard (GICS).

Additional Information

For those interested in insights regarding other hedge funds holding shares of VPU, resources are available to track the latest 13F filings and insider transactions for the Vanguard Utilities ETF (NYSEARCA:VPU). Additionally, subscribers can sign up for daily summaries of news and analysts' ratings related to the Vanguard Utilities ETF and its competitors.

Apollon, Vanguard, Investments