Grove Bank & Trust Grows Stake in Vanguard Energy ETF $VDE

Grove Bank & Trust boosted its position in Vanguard Energy ETF (NYSEARCA:VDE) by 113.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 78,536 shares of the company’s stock after acquiring an additional 41,720 shares during the quarter. Vanguard Energy ETF comprises approximately 1.3% of Grove Bank & Trust’s portfolio, making the stock its 18th largest holding. Grove Bank & Trust’s holdings in Vanguard Energy ETF were worth $13,521,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Matrix Private Capital Group LLC bought a new position in Vanguard Energy ETF in the first quarter worth approximately $33,000. Coastline Trust Co bought a new stake in shares of Vanguard Energy ETF during the third quarter valued at approximately $43,000. Community Financial Services Group LLC bought a new stake in shares of Vanguard Energy ETF during the second quarter valued at approximately $60,000. Robinswood Financial LLC acquired a new position in shares of Vanguard Energy ETF during the first quarter worth approximately $98,000. Finally, SHP Wealth Management bought a new position in shares of Vanguard Energy ETF in the 4th quarter worth $103,000.

Vanguard Energy ETF Trading Up 2.8%

NYSEARCA VDE traded up $5.04 during mid-day trading on Thursday, hitting $182.60. The company’s stock had a trading volume of 1,023,426 shares, compared to its average volume of 823,192. The company’s 50 day simple moving average is $175.99 and its 200 day simple moving average is $167.07. Vanguard Energy ETF has a twelve month low of $119.84 and a twelve month high of $186.23. The firm has a market capitalization of $11.00 billion, a price-to-earnings ratio of 14.10 and a beta of 0.50.

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.