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

Vanguard Energy ETF (NYSEARCA:VDE)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $140.76 and last traded at $141.1010, with a volume of 1798 shares. The stock had previously closed at $140.15.

Vanguard Energy ETF Stock Performance

The stock’s 50-day simple moving average is $129.79 and its 200 day simple moving average is $125.90. The company has a market capitalization of $7.98 billion, a PE ratio of 14.10 and a beta of 0.77.

Institutional Investors Weigh In On Vanguard Energy ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Creative Capital Management Investments LLC purchased a new position in Vanguard Energy ETF in the third quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Vanguard Energy ETF by 330.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 215 shares of the company’s stock valued at $27,000 after buying an additional 165 shares during the last quarter. Mather Group LLC. acquired a new stake in Vanguard Energy ETF during the 3rd quarter worth approximately $33,000. Cloud Capital Management LLC purchased a new stake in Vanguard Energy ETF in the 3rd quarter valued at approximately $33,000. Finally, Sound Income Strategies LLC increased its position in Vanguard Energy ETF by 263.4% during the 2nd quarter. Sound Income Strategies LLC now owns 298 shares of the company’s stock worth $35,000 after purchasing an additional 216 shares during the period.

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.