Vanguard Energy ETF (NYSEARCA:VDE) Sets New 12-Month High – Still a Buy?

Shares of Vanguard Energy ETF (NYSEARCA:VDE) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $133.36 and last traded at $132.5340, with a volume of 176209 shares traded. The stock had previously closed at $130.48.

Vanguard Energy ETF Trading Down 0.8%

The business’s 50 day simple moving average is $127.64 and its two-hundred day simple moving average is $124.81. The firm has a market capitalization of $7.48 billion, a PE ratio of 14.10 and a beta of 0.77.

Institutional Trading of Vanguard Energy ETF

Hedge funds have recently bought and sold shares of the company. Beacon Capital Management Inc. boosted its position in Vanguard Energy ETF by 1,631.3% in the second quarter. Beacon Capital Management Inc. now owns 754,276 shares of the company’s stock worth $89,849,000 after purchasing an additional 710,708 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Vanguard Energy ETF by 23,247.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 353,477 shares of the company’s stock worth $42,106,000 after purchasing an additional 351,963 shares during the period. Laurel Wealth Advisors LLC boosted its holdings in shares of Vanguard Energy ETF by 11,812.0% in the second quarter. Laurel Wealth Advisors LLC now owns 250,152 shares of the company’s stock worth $29,798,000 after buying an additional 248,052 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Vanguard Energy ETF by 90.8% in the second quarter. Corient Private Wealth LLC now owns 307,070 shares of the company’s stock worth $36,578,000 after buying an additional 146,147 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Vanguard Energy ETF during the third quarter valued at approximately $15,862,000.

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.