Vanguard Energy ETF (NYSEARCA:VDE) Hits New 52-Week High – Here’s Why

Vanguard Energy ETF (NYSEARCA:VDE) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $179.43 and last traded at $178.18, with a volume of 66595 shares changing hands. The stock had previously closed at $176.62.

Vanguard Energy ETF Stock Performance

The company has a market cap of $10.71 billion, a PE ratio of 14.10 and a beta of 0.43. The stock’s 50-day simple moving average is $160.54 and its 200 day simple moving average is $160.88.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its position in Vanguard Energy ETF by 23,247.2% in the second quarter. BNP Paribas Financial Markets now owns 353,477 shares of the company’s stock valued at $42,106,000 after purchasing an additional 351,963 shares during the period. Shelter Mutual Insurance Co purchased a new position in shares of Vanguard Energy ETF during the 2nd quarter worth approximately $26,914,000. Ameritas Advisory Services LLC lifted its holdings in shares of Vanguard Energy ETF by 5,416.8% in the 4th quarter. Ameritas Advisory Services LLC now owns 195,956 shares of the company’s stock valued at $24,675,000 after buying an additional 192,404 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Vanguard Energy ETF by 90.8% in the 2nd quarter. Corient Private Wealth LLC now owns 307,070 shares of the company’s stock valued at $36,578,000 after buying an additional 146,147 shares during the period. Finally, TrueWealth Financial Partners purchased a new stake in shares of Vanguard Energy ETF in the first quarter valued at approximately $14,706,000.

About Vanguard Energy ETF

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). This GICS sector is made up of companies whose businesses are dominated by activities, such as the construction or provision of oil rigs, drilling equipment, and other energy-related service and equipment (such as seismic data collection), or companies engaged in the exploration, production, marketing, refining, and/or transportation of oil and gas products.