Vanguard Energy ETF (NYSEARCA:VDE) Sees Unusually-High Trading Volume – Here’s What Happened

Vanguard Energy ETF (NYSEARCA:VDE) shares saw unusually-high trading volume on Tuesday . Approximately 917,610 shares were traded during mid-day trading, an increase of 113% from the previous session’s volume of 431,091 shares.The stock last traded at $119.74 and had previously closed at $117.34.

Vanguard Energy ETF Stock Up 1.8%

The stock has a market cap of $10.74 billion, a P/E ratio of 13.72 and a beta of 0.79. The firm’s 50 day simple moving average is $113.98 and its two-hundred day simple moving average is $121.91.

Hedge Funds Weigh In On Vanguard Energy ETF

A number of hedge funds have recently modified their holdings of VDE. Wealthfront Advisers LLC increased its position in Vanguard Energy ETF by 444.6% during the fourth quarter. Wealthfront Advisers LLC now owns 5,406,700 shares of the company’s stock worth $655,887,000 after buying an additional 4,413,992 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of Vanguard Energy ETF by 7,091.5% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 924,832 shares of the company’s stock valued at $119,960,000 after acquiring an additional 911,972 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Vanguard Energy ETF in the fourth quarter worth $31,935,000. Wells Fargo & Company MN lifted its position in Vanguard Energy ETF by 19.7% during the 4th quarter. Wells Fargo & Company MN now owns 1,180,874 shares of the company’s stock worth $143,252,000 after acquiring an additional 194,585 shares during the last quarter. Finally, Strategic Financial Concepts LLC grew its holdings 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.

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).