Vanguard Energy ETF (NYSEARCA:VDE) Reaches New 1-Year High – Here’s Why

Vanguard Energy ETF (NYSEARCA:VDE)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $179.43 and last traded at $178.18, with a volume of 66595 shares changing hands. The stock had previously closed at $176.62.

Vanguard Energy ETF Price Performance

The stock has a market capitalization of $10.74 billion, a P/E ratio of 14.10 and a beta of 0.43. The company has a 50 day simple moving average of $161.19 and a 200-day simple moving average of $161.40.

Institutional Investors Weigh In On Vanguard Energy ETF

Several large investors have recently added to or reduced their stakes in the company. Greenwood Gearhart Inc. raised its position in shares of Vanguard Energy ETF by 6.8% in the fourth quarter. Greenwood Gearhart Inc. now owns 175,649 shares of the company’s stock valued at $22,118,000 after purchasing an additional 11,107 shares during the period. Gerald Baker Financial Group LLC purchased a new stake in shares of Vanguard Energy ETF during the 1st quarter valued at approximately $7,370,000. World Investment Advisors boosted its holdings in Vanguard Energy ETF by 21.9% in the 4th quarter. World Investment Advisors now owns 17,321 shares of the company’s stock worth $2,181,000 after buying an additional 3,107 shares during the period. Strengthening Families & Communities LLC boosted its holdings in Vanguard Energy ETF by 8.7% in the 4th quarter. Strengthening Families & Communities LLC now owns 42,323 shares of the company’s stock worth $5,329,000 after buying an additional 3,376 shares during the period. Finally, TMB Capital Partners LLC purchased a new position in Vanguard Energy ETF in the 4th quarter valued at approximately $627,000.

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.