Meridian Wealth Management LLC Invests $356,000 in Vanguard Energy ETF (NYSEARCA:VDE)

Meridian Wealth Management LLC bought a new stake in Vanguard Energy ETF (NYSEARCA:VDE) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 2,938 shares of the company’s stock, valued at approximately $356,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of VDE. Strategic Financial Concepts LLC grew its stake in Vanguard Energy ETF by 11,313.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 194,950 shares of the company’s stock valued at $23,649,000 after buying an additional 193,242 shares during the last quarter. Parcion Private Wealth LLC acquired a new position in Vanguard Energy ETF in the 4th quarter valued at $15,101,000. Proficio Capital Partners LLC bought a new stake in Vanguard Energy ETF in the 4th quarter valued at $8,447,000. Choreo LLC boosted its holdings in Vanguard Energy ETF by 524.5% in the 4th quarter. Choreo LLC now owns 47,168 shares of the company’s stock valued at $5,648,000 after purchasing an additional 39,615 shares during the period. Finally, Kera Capital Partners Inc. bought a new stake in Vanguard Energy ETF in the 4th quarter valued at $4,153,000.

Vanguard Energy ETF Price Performance

Shares of Vanguard Energy ETF stock opened at $119.14 on Thursday. Vanguard Energy ETF has a fifty-two week low of $115.51 and a fifty-two week high of $137.92. The firm has a fifty day moving average price of $125.87 and a two-hundred day moving average price of $126.13. The company has a market cap of $11.06 billion, a PE ratio of 13.80 and a beta of 1.25.

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).