Vanguard Energy ETF (NYSEARCA:VDE) Reaches New 52-Week High – Time to Buy?

Vanguard Energy ETF (NYSEARCA:VDE)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $157.03 and last traded at $155.7910, with a volume of 260561 shares. The stock had previously closed at $154.11.

Vanguard Energy ETF Price Performance

The stock has a fifty day moving average of $136.93 and a 200 day moving average of $129.06. The stock has a market cap of $8.63 billion, a price-to-earnings ratio of 14.10 and a beta of 0.77.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VDE. Beacon Capital Management Inc. raised its stake in shares of Vanguard Energy ETF by 1,631.3% during the 2nd quarter. Beacon Capital Management Inc. now owns 754,276 shares of the company’s stock valued at $89,849,000 after buying an additional 710,708 shares during the last quarter. BNP Paribas Financial Markets raised its position in Vanguard Energy ETF by 23,247.2% during the second quarter. BNP Paribas Financial Markets now owns 353,477 shares of the company’s stock valued at $42,106,000 after acquiring an additional 351,963 shares in the last quarter. Laurel Wealth Advisors LLC raised its position in Vanguard Energy ETF by 11,812.0% during the second quarter. Laurel Wealth Advisors LLC now owns 250,152 shares of the company’s stock valued at $29,798,000 after acquiring an additional 248,052 shares in the last quarter. Ameritas Advisory Services LLC lifted its holdings in Vanguard Energy ETF by 5,416.8% in the fourth quarter. Ameritas Advisory Services LLC now owns 195,956 shares of the company’s stock valued at $24,675,000 after acquiring an additional 192,404 shares during the period. Finally, Corient Private Wealth LLC boosted its position in Vanguard Energy ETF by 90.8% in the 2nd quarter. Corient Private Wealth LLC now owns 307,070 shares of the company’s stock worth $36,578,000 after purchasing an additional 146,147 shares in 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). 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.