Axiom Financial Strategies LLC Cuts Stake in Vanguard Energy ETF $VDE

Axiom Financial Strategies LLC lowered its stake in shares of Vanguard Energy ETF (NYSEARCA:VDE) by 53.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,531 shares of the company’s stock after selling 16,936 shares during the period. Vanguard Energy ETF accounts for about 0.8% of Axiom Financial Strategies LLC’s investment portfolio, making the stock its 23rd largest position. Axiom Financial Strategies LLC’s holdings in Vanguard Energy ETF were worth $1,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Beacon Capital Management Inc. boosted its position in shares of Vanguard Energy ETF by 17.6% during the third quarter. Beacon Capital Management Inc. now owns 887,129 shares of the company’s stock worth $111,654,000 after acquiring an additional 132,853 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings 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 last quarter. Envestnet Asset Management Inc. increased its holdings in Vanguard Energy ETF by 16.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 498,588 shares of the company’s stock valued at $62,752,000 after acquiring an additional 71,068 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in 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 in the last quarter. Finally, PGIM Custom Harvest LLC lifted its stake in Vanguard Energy ETF by 4.8% in the 3rd quarter. PGIM Custom Harvest LLC now owns 346,193 shares of the company’s stock worth $43,572,000 after purchasing an additional 15,847 shares in the last quarter.

Vanguard Energy ETF Stock Up 0.4%

VDE opened at $162.78 on Friday. The firm has a 50-day simple moving average of $146.90 and a two-hundred day simple moving average of $133.12. Vanguard Energy ETF has a 52 week low of $103.07 and a 52 week high of $163.98. The company has a market capitalization of $9.07 billion, a PE ratio of 14.10 and a beta of 0.77.

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.