Vanguard Energy ETF (NYSEARCA:VDE) Hits New 52-Week High – Here’s What Happened

Vanguard Energy ETF (NYSEARCA:VDE)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $182.80 and last traded at $181.7290, with a volume of 43906 shares trading hands. The stock had previously closed at $180.17.

Vanguard Energy ETF Stock Performance

The business has a 50 day moving average of $164.65 and a two-hundred day moving average of $163.12. The firm has a market capitalization of $10.89 billion, a price-to-earnings ratio of 14.10 and a beta of 0.43.

Hedge Funds Weigh In On Vanguard Energy ETF

Institutional investors have recently modified their holdings of the company. SouthState Bank Corp bought a new position in Vanguard Energy ETF during the fourth quarter valued at $27,000. Strive Financial Group LLC bought a new position in shares of Vanguard Energy ETF during the 4th quarter worth $31,000. Godfrey Financial Associates Inc. purchased a new stake in Vanguard Energy ETF in the 4th quarter worth about $33,000. Matrix Private Capital Group LLC bought a new stake in Vanguard Energy ETF in the 1st quarter valued at about $33,000. Finally, Franklin Resources Inc. raised its stake in Vanguard Energy ETF by 3,055.6% in the 4th quarter. Franklin Resources Inc. now owns 284 shares of the company’s stock valued at $36,000 after acquiring an additional 275 shares during the period.

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.