Grove Bank & Trust Lowers Position in Vanguard Energy ETF $VDE

Grove Bank & Trust trimmed its holdings in shares of Vanguard Energy ETF (NYSEARCA:VDE) by 52.1% during the 2nd quarter, Holdings Channel reports. The fund owned 36,816 shares of the company’s stock after selling 39,974 shares during the period. Grove Bank & Trust’s holdings in Vanguard Energy ETF were worth $5,527,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Vanguard Energy ETF by 330.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 215 shares of the company’s stock valued at $27,000 after purchasing an additional 165 shares in the last quarter. SouthState Bank Corp purchased a new stake in shares of Vanguard Energy ETF in the 4th quarter worth approximately $27,000. Strive Financial Group LLC bought a new position in shares of Vanguard Energy ETF during the fourth quarter valued at approximately $31,000. Godfrey Financial Associates Inc. bought a new position in shares of Vanguard Energy ETF during the fourth quarter valued at approximately $33,000. Finally, Matrix Private Capital Group LLC purchased a new position in Vanguard Energy ETF during the first quarter valued at approximately $33,000.

Vanguard Energy ETF Stock Down 0.4%

Shares of VDE stock opened at $165.25 on Wednesday. The firm has a market cap of $9.91 billion, a price-to-earnings ratio of 14.10 and a beta of 0.43. Vanguard Energy ETF has a 52-week low of $118.17 and a 52-week high of $179.34. The company’s 50 day moving average is $159.31 and its 200 day moving average is $158.80.

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.