Institute for Wealth Management LLC. Reduces Position in Vanguard Energy ETF $VDE

Institute for Wealth Management LLC. decreased its position in shares of Vanguard Energy ETF (NYSEARCA:VDE) by 61.2% during the second quarter, Holdings Channel reports. The institutional investor owned 2,432 shares of the company’s stock after selling 3,842 shares during the period. Institute for Wealth Management LLC.’s holdings in Vanguard Energy ETF were worth $290,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of VDE. Hughes Financial Services LLC purchased a new position in shares of Vanguard Energy ETF during the 1st quarter valued at $25,000. Morton Brown Family Wealth LLC purchased a new position in shares of Vanguard Energy ETF during the 1st quarter valued at $33,000. Cloud Capital Management LLC purchased a new position in shares of Vanguard Energy ETF during the 1st quarter valued at $34,000. Smartleaf Asset Management LLC lifted its stake in shares of Vanguard Energy ETF by 165.4% during the 1st quarter. Smartleaf Asset Management LLC now owns 276 shares of the company’s stock valued at $35,000 after buying an additional 172 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its stake in shares of Vanguard Energy ETF by 263.4% during the 2nd quarter. Sound Income Strategies LLC now owns 298 shares of the company’s stock valued at $35,000 after buying an additional 216 shares in the last quarter.

Vanguard Energy ETF Stock Performance

Shares of NYSEARCA VDE opened at $124.72 on Friday. The company has a market cap of $7.33 billion, a P/E ratio of 14.10 and a beta of 1.39. The firm’s fifty day moving average is $123.62 and its two-hundred day moving average is $120.39. Vanguard Energy ETF has a 52-week low of $103.07 and a 52-week high of $137.41.

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).