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

Vanguard Energy ETF (NYSEARCA:VDE) shares reached a new 52-week high during trading on Thursday . The company traded as high as $163.93 and last traded at $163.74, with a volume of 659088 shares traded. The stock had previously closed at $160.91.

Vanguard Energy ETF Stock Performance

The company has a 50-day moving average price of $146.90 and a 200-day moving average price of $133.05. The firm has a market capitalization of $9.07 billion, a P/E ratio of 14.10 and a beta of 0.77.

Hedge Funds Weigh In On Vanguard Energy ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creative Capital Management Investments LLC acquired a new stake in shares of Vanguard Energy ETF in the 3rd quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Vanguard Energy ETF by 330.0% during the fourth 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 during the period. SouthState Bank Corp bought a new stake in Vanguard Energy ETF in the fourth quarter valued at approximately $27,000. Strive Financial Group LLC bought a new stake in Vanguard Energy ETF in the fourth quarter valued at approximately $31,000. Finally, Mather Group LLC. acquired a new stake in Vanguard Energy ETF in the third quarter worth $33,000.

Vanguard Energy ETF Company Profile

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.