Vanguard Energy ETF (NYSEARCA:VDE) Hits New 12-Month High – Should You Buy?

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

Vanguard Energy ETF Price Performance

The company has a market capitalization of $10.71 billion, a PE ratio of 14.10 and a beta of 0.43. The company’s 50 day simple moving average is $160.54 and its 200 day simple moving average is $160.88.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VDE. SouthState Bank Corp purchased a new stake in Vanguard Energy ETF in the fourth quarter valued at $27,000. Strive Financial Group LLC acquired a new position in shares of Vanguard Energy ETF in the fourth quarter valued at approximately $31,000. Godfrey Financial Associates Inc. acquired a new position in shares of Vanguard Energy ETF in the fourth quarter valued at approximately $33,000. Matrix Private Capital Group LLC purchased a new stake in shares of Vanguard Energy ETF during the first quarter worth approximately $33,000. Finally, Franklin Resources Inc. raised its stake in shares of Vanguard Energy ETF by 3,055.6% during the fourth quarter. Franklin Resources Inc. now owns 284 shares of the company’s stock worth $36,000 after purchasing an additional 275 shares during the last quarter.

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.