Vanguard Energy ETF (NYSEARCA:VDE) Hits New 1-Year High – What’s Next?

Vanguard Energy ETF (NYSEARCA:VDE)’s share price hit a new 52-week high during mid-day trading on Monday. The stock traded as high as $194.03 and last traded at $192.4470, with a volume of 541,095 shares. The stock had previously closed at $192.98.

Vanguard Energy ETF Price Performance

The company has a market cap of $11.74 billion, a price-to-earnings ratio of 14.10 and a beta of 0.50. The firm has a fifty day simple moving average of $180.70 and a 200 day simple moving average of $168.47.

Hedge Funds Weigh In On Vanguard Energy ETF

Several institutional investors have recently modified their holdings of VDE. HWG Holdings LP bought a new stake in Vanguard Energy ETF during the third quarter worth about $8,202,000. Kingsbury Capital Investment Advisors LLC grew its holdings in Vanguard Energy ETF by 271.7% during the second quarter. Kingsbury Capital Investment Advisors LLC now owns 5,059 shares of the company’s stock worth $760,000 after buying an additional 3,698 shares in the last quarter. Legacy Wealth Managment LLC ID purchased a new position in Vanguard Energy ETF in the second quarter valued at about $473,000. Gerald Baker Financial Group LLC purchased a new position in shares of Vanguard Energy ETF in the first quarter valued at $7,370,000. Finally, Polianta Ltd increased its position in shares of Vanguard Energy ETF by 26.1% in the second quarter. Polianta Ltd now owns 69,600 shares of the company’s stock worth $10,449,000 after purchasing an additional 14,400 shares during the last quarter.

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). 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.