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

Vanguard Energy ETF (NYSEARCA:VDE) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $172.90 and last traded at $172.67, with a volume of 225637 shares trading hands. The stock had previously closed at $169.43.

Vanguard Energy ETF Stock Performance

The stock’s fifty day moving average price is $151.28 and its 200-day moving average price is $134.87. The company has a market capitalization of $9.62 billion, a P/E ratio of 14.10 and a beta of 0.77.

Institutional Trading of Vanguard Energy ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Beacon Capital Management Inc. lifted its position in shares of Vanguard Energy ETF by 17.6% in the third quarter. Beacon Capital Management Inc. now owns 887,129 shares of the company’s stock valued at $111,654,000 after buying an additional 132,853 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Vanguard Energy ETF by 9.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 860,760 shares of the company’s stock valued at $102,534,000 after acquiring an additional 71,067 shares during the period. LPL Financial LLC raised its stake in Vanguard Energy ETF by 1.6% in the 4th quarter. LPL Financial LLC now owns 813,753 shares of the company’s stock valued at $102,468,000 after acquiring an additional 12,772 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Vanguard Energy ETF by 16.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 498,588 shares of the company’s stock valued at $62,752,000 after purchasing an additional 71,068 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Vanguard Energy ETF by 7.0% during the fourth quarter. Royal Bank of Canada now owns 419,368 shares of the company’s stock worth $52,807,000 after purchasing an additional 27,563 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.