Vanguard Energy ETF $VDE Stock Position Lowered by Richmond Brothers Inc.

Richmond Brothers Inc. lessened its position in shares of Vanguard Energy ETF (NYSEARCA:VDE) by 7.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 51,914 shares of the company’s stock after selling 3,934 shares during the quarter. Vanguard Energy ETF comprises about 4.2% of Richmond Brothers Inc.’s holdings, making the stock its 10th largest position. Richmond Brothers Inc.’s holdings in Vanguard Energy ETF were worth $6,537,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in VDE. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Vanguard Energy ETF by 330.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 215 shares of the company’s stock valued at $27,000 after purchasing an additional 165 shares during the last quarter. SouthState Bank Corp acquired a new stake in Vanguard Energy ETF in the 4th quarter valued at approximately $27,000. Godfrey Financial Associates Inc. acquired a new stake in Vanguard Energy ETF in the 4th quarter valued at approximately $33,000. Franklin Resources Inc. increased its holdings in Vanguard Energy ETF by 3,055.6% in the 4th 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. Finally, Pittenger & Anderson Inc. acquired a new stake in Vanguard Energy ETF in the 4th quarter valued at approximately $43,000.

Vanguard Energy ETF Stock Performance

Vanguard Energy ETF stock opened at $161.10 on Friday. Vanguard Energy ETF has a fifty-two week low of $118.17 and a fifty-two week high of $179.34. The firm has a 50 day moving average price of $163.93 and a 200 day moving average price of $150.59. The company has a market capitalization of $10.08 billion, a PE ratio of 14.10 and a beta of 0.42.

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.