Verus Financial Partners Inc. Makes New $600,000 Investment in Vanguard Energy ETF $VDE

Verus Financial Partners Inc. acquired a new stake in shares of Vanguard Energy ETF (NYSEARCA:VDE) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,488 shares of the company’s stock, valued at approximately $600,000.

Other hedge funds also recently added to or reduced their stakes in the company. HWG Holdings LP bought a new stake in Vanguard Energy ETF in the third quarter valued at about $8,202,000. Legacy Wealth Managment LLC ID acquired a new stake in Vanguard Energy ETF during the second quarter valued at approximately $473,000. Kingsbury Capital Investment Advisors LLC lifted its holdings in Vanguard Energy ETF by 271.7% during the 2nd 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 during the last quarter. Gerald Baker Financial Group LLC bought a new position in Vanguard Energy ETF during the 1st quarter worth approximately $7,370,000. Finally, Avidian Wealth Enterprises LLC bought a new position in Vanguard Energy ETF during the 3rd quarter worth approximately $714,000.

Vanguard Energy ETF Trading Up 1.8%

Shares of VDE opened at $195.46 on Friday. The firm has a market cap of $11.78 billion, a price-to-earnings ratio of 14.10 and a beta of 0.50. The stock has a 50 day moving average of $182.06 and a 200-day moving average of $165.29. Vanguard Energy ETF has a 52 week low of $122.08 and a 52 week high of $195.80.

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.