Independent Advisor Alliance Makes New Investment in Vanguard Energy ETF (NYSEARCA:VDE)

Independent Advisor Alliance acquired a new stake in shares of Vanguard Energy ETF (NYSEARCA:VDE) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 40,621 shares of the company’s stock, valued at approximately $4,928,000.

Several other hedge funds have also recently made changes to their positions in VDE. RPg Family Wealth Advisory LLC purchased a new position in shares of Vanguard Energy ETF during the third quarter valued at approximately $46,000. Banque Cantonale Vaudoise purchased a new stake in Vanguard Energy ETF during the third quarter valued at approximately $48,000. Golden State Wealth Management LLC purchased a new stake in Vanguard Energy ETF during the fourth quarter valued at approximately $48,000. Centricity Wealth Management LLC purchased a new stake in Vanguard Energy ETF during the fourth quarter valued at approximately $54,000. Finally, LRI Investments LLC purchased a new stake in Vanguard Energy ETF during the third quarter valued at approximately $58,000.

Vanguard Energy ETF Trading Down 0.6 %

Shares of VDE stock opened at $121.12 on Wednesday. Vanguard Energy ETF has a 12 month low of $115.51 and a 12 month high of $137.92. The stock has a market cap of $11.25 billion, a P/E ratio of 13.80 and a beta of 1.25. The company has a 50 day simple moving average of $125.95 and a two-hundred day simple moving average of $126.02.

Vanguard Energy ETF Company Profile

Vanguard Energy ETF (the Fund) is an exchange-traded share class of Vanguard Energy Index Fund. The Fund employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) US Investable Market Energy Index (the Index), an index of stocks of large, medium and small United States companies in the energy sector, as classified under the Global Industry Classification Standard (GICS).