Institute for Wealth Management LLC. Raises Stock Holdings in Vanguard Energy ETF $VDE

Institute for Wealth Management LLC. boosted its stake in shares of Vanguard Energy ETF (NYSEARCA:VDE) by 183.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,882 shares of the company’s stock after purchasing an additional 4,450 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Vanguard Energy ETF were worth $866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of Vanguard Energy ETF by 1.7% in the 4th quarter. Brighton Jones LLC now owns 18,777 shares of the company’s stock valued at $2,278,000 after buying an additional 306 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Vanguard Energy ETF by 19.6% during the first quarter. Russell Investments Group Ltd. now owns 580 shares of the company’s stock valued at $75,000 after acquiring an additional 95 shares during the last quarter. Betterment LLC purchased a new stake in Vanguard Energy ETF during the first quarter valued at approximately $635,000. Royal Bank of Canada boosted its stake in Vanguard Energy ETF by 1.2% in the first quarter. Royal Bank of Canada now owns 409,109 shares of the company’s stock valued at $53,067,000 after acquiring an additional 4,839 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec grew its holdings in Vanguard Energy ETF by 1,484.7% in the first quarter. Federation des caisses Desjardins du Quebec now owns 9,033 shares of the company’s stock worth $1,172,000 after purchasing an additional 8,463 shares during the last quarter.

Vanguard Energy ETF Stock Performance

NYSEARCA VDE opened at $125.67 on Tuesday. The firm has a market capitalization of $7.22 billion, a P/E ratio of 14.10 and a beta of 0.77. The stock has a 50-day simple moving average of $126.13 and a two-hundred day simple moving average of $124.16. Vanguard Energy ETF has a fifty-two week low of $103.07 and a fifty-two week high of $133.18.

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.