Vanguard Energy ETF (NYSEARCA:VDE) Reaches New 1-Year High – Should You Buy?

Vanguard Energy ETF (NYSEARCA:VDE)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $163.93 and last traded at $163.74, with a volume of 659088 shares trading hands. The stock had previously closed at $160.91.

Vanguard Energy ETF Stock Performance

The firm has a market cap of $9.10 billion, a P/E ratio of 14.10 and a beta of 0.77. The firm has a 50 day simple moving average of $145.50 and a 200 day simple moving average of $132.58.

Institutional Trading of Vanguard Energy ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Creative Capital Management Investments LLC bought a new position in shares of Vanguard Energy ETF in the third quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Vanguard Energy ETF by 330.0% during the 4th 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 period. SouthState Bank Corp bought a new position in shares of Vanguard Energy ETF during the fourth quarter valued at about $27,000. Strive Financial Group LLC purchased a new stake in shares of Vanguard Energy ETF during the fourth quarter worth about $31,000. Finally, Mather Group LLC. bought a new stake in shares of Vanguard Energy ETF in the third quarter worth about $33,000.

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.