Vanguard Energy ETF $VDE Stock: Cornerstone Wealth Management LLC Lowers Stake

Cornerstone Wealth Management LLC lowered its stake in Vanguard Energy ETF (NYSEARCA:VDE) by 29.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,311 shares of the company’s stock after selling 3,457 shares during the period. Cornerstone Wealth Management LLC’s holdings in Vanguard Energy ETF were worth $1,431,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Matrix Private Capital Group LLC bought a new position in shares of Vanguard Energy ETF in the first quarter worth approximately $33,000. Signaturefd LLC purchased a new position in shares of Vanguard Energy ETF in the third quarter worth $41,000. Coastline Trust Co bought a new stake in Vanguard Energy ETF during the 3rd quarter valued at $43,000. Next Level Wealth Planning LLC bought a new stake in Vanguard Energy ETF during the 3rd quarter valued at $48,000. Finally, NORTHSTAR ASSET MANAGEMENT Co bought a new stake in Vanguard Energy ETF during the 3rd quarter valued at $57,000.

Vanguard Energy ETF Stock Up 1.5%

Shares of VDE opened at $179.02 on Friday. The stock has a market capitalization of $10.86 billion, a P/E ratio of 13.48 and a beta of 0.45. The firm has a fifty day simple moving average of $181.77 and a two-hundred day simple moving average of $167.14. Vanguard Energy ETF has a twelve month low of $122.79 and a twelve month high of $195.80.

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.