Richmond Brothers Inc. Purchases 26,528 Shares of Vanguard Energy ETF $VDE

Richmond Brothers Inc. grew its position in shares of Vanguard Energy ETF (NYSEARCA:VDE) by 90.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 55,848 shares of the company’s stock after buying an additional 26,528 shares during the quarter. Vanguard Energy ETF accounts for approximately 4.4% of Richmond Brothers Inc.’s investment portfolio, making the stock its 12th largest holding. Richmond Brothers Inc.’s holdings in Vanguard Energy ETF were worth $7,029,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of VDE. Creative Capital Management Investments LLC acquired a new position in shares of Vanguard Energy ETF in the 3rd quarter worth approximately $25,000. Mather Group LLC. acquired a new stake in Vanguard Energy ETF during the 3rd quarter valued at $33,000. Cloud Capital Management LLC bought a new position in Vanguard Energy ETF in the 3rd quarter valued at $33,000. Tripletail Wealth Management LLC bought a new position in Vanguard Energy ETF in the 3rd quarter valued at $36,000. Finally, Westside Investment Management Inc. boosted its stake in Vanguard Energy ETF by 106.3% in the second quarter. Westside Investment Management Inc. now owns 293 shares of the company’s stock worth $35,000 after purchasing an additional 151 shares in the last quarter.

Vanguard Energy ETF Stock Performance

Shares of VDE stock opened at $155.41 on Friday. Vanguard Energy ETF has a 52 week low of $103.07 and a 52 week high of $157.03. The stock has a market capitalization of $8.66 billion, a PE ratio of 14.10 and a beta of 0.77. The stock’s fifty day moving average is $136.40 and its 200-day moving average is $128.82.

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.