The Manufacturers Life Insurance Company Cuts Holdings in Vanguard Energy ETF $VDE

The Manufacturers Life Insurance Company lowered its position in Vanguard Energy ETF (NYSEARCA:VDE) by 36.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 497,366 shares of the company’s stock after selling 285,479 shares during the period. The Manufacturers Life Insurance Company owned about 0.79% of Vanguard Energy ETF worth $86,064,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of VDE. Thurston Springer Miller Herd & Titak Inc. raised 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 worth $27,000 after purchasing an additional 165 shares during the period. SouthState Bank Corp acquired a new stake in Vanguard Energy ETF in the fourth quarter valued at approximately $27,000. Strive Financial Group LLC purchased a new stake in shares of Vanguard Energy ETF in the fourth quarter valued at approximately $31,000. Godfrey Financial Associates Inc. acquired a new position in shares of Vanguard Energy ETF during the 4th quarter worth approximately $33,000. Finally, Matrix Private Capital Group LLC acquired a new position in shares of Vanguard Energy ETF during the 1st quarter worth approximately $33,000.

Vanguard Energy ETF Stock Performance

Vanguard Energy ETF stock opened at $165.14 on Thursday. The stock has a market capitalization of $9.90 billion, a P/E ratio of 14.10 and a beta of 0.43. The company’s fifty day moving average price is $159.34 and its 200 day moving average price is $157.84. Vanguard Energy ETF has a 1 year low of $118.17 and a 1 year high of $179.34.

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.