M Holdings Securities Inc. Trims Stake in Vanguard Energy ETF $VDE

M Holdings Securities Inc. reduced its stake in Vanguard Energy ETF (NYSEARCA:VDE) by 17.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 37,063 shares of the company’s stock after selling 7,965 shares during the period. Vanguard Energy ETF comprises 0.7% of M Holdings Securities Inc.’s holdings, making the stock its 26th largest position. M Holdings Securities Inc.’s holdings in Vanguard Energy ETF were worth $5,623,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. SouthState Bank Corp bought a new stake in Vanguard Energy ETF during the 4th quarter valued at approximately $27,000. Strive Financial Group LLC bought a new position in shares of Vanguard Energy ETF in the 4th quarter worth approximately $31,000. Godfrey Financial Associates Inc. purchased a new position in shares of Vanguard Energy ETF in the 4th quarter valued at approximately $33,000. Matrix Private Capital Group LLC purchased a new position in shares of Vanguard Energy ETF in the 1st quarter valued at approximately $33,000. Finally, Franklin Resources Inc. boosted its position 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 valued at $36,000 after purchasing an additional 275 shares in the last quarter.

Vanguard Energy ETF Price Performance

Shares of VDE stock opened at $176.56 on Monday. The stock has a market cap of $10.59 billion, a price-to-earnings ratio of 14.10 and a beta of 0.43. The business’s fifty day moving average is $164.12 and its 200 day moving average is $162.91. Vanguard Energy ETF has a twelve month low of $119.84 and a twelve month high of $182.15.

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.