Vanguard Energy ETF (NYSEARCA:VDE) Reaches New 12-Month High – Here’s What Happened

Shares of Vanguard Energy ETF (NYSEARCA:VDE) reached a new 52-week high during trading on Wednesday . The stock traded as high as $185.38 and last traded at $184.16, with a volume of 70072 shares changing hands. The stock had previously closed at $182.24.

Vanguard Energy ETF Stock Performance

The stock’s fifty day simple moving average is $169.59 and its 200-day simple moving average is $164.74. The company has a market capitalization of $10.97 billion, a PE ratio of 14.10 and a beta of 0.44.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Matrix Private Capital Group LLC purchased a new position in Vanguard Energy ETF in the first quarter valued at approximately $33,000. SouthState Bank Corp purchased a new stake in shares of Vanguard Energy ETF during the fourth quarter valued at approximately $27,000. Strive Financial Group LLC purchased a new stake in Vanguard Energy ETF during the 4th quarter worth $31,000. Godfrey Financial Associates Inc. acquired a new stake in shares of Vanguard Energy ETF during the fourth quarter valued at about $33,000. Finally, Franklin Resources Inc. boosted its holdings in Vanguard Energy ETF by 3,055.6% in the fourth quarter. Franklin Resources Inc. now owns 284 shares of the company’s stock valued at $36,000 after purchasing an additional 275 shares during the last quarter.

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.