Vanguard Energy ETF $VDE Shares Sold by Richmond Brothers Inc.

Richmond Brothers Inc. cut its stake in shares of Vanguard Energy ETF (NYSEARCA:VDE) by 4.8% in the 2nd quarter, Holdings Channel reports. The fund owned 29,320 shares of the company’s stock after selling 1,486 shares during the quarter. Vanguard Energy ETF accounts for approximately 2.3% of Richmond Brothers Inc.’s portfolio, making the stock its 13th biggest position. Richmond Brothers Inc.’s holdings in Vanguard Energy ETF were worth $3,492,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. CW Advisors LLC increased its holdings in shares of Vanguard Energy ETF by 764.2% in the first quarter. CW Advisors LLC now owns 72,061 shares of the company’s stock valued at $9,356,000 after purchasing an additional 63,723 shares during the period. Stratos Wealth Advisors LLC grew its position in Vanguard Energy ETF by 1,001.8% in the 2nd quarter. Stratos Wealth Advisors LLC now owns 44,346 shares of the company’s stock valued at $5,283,000 after buying an additional 40,321 shares during the last quarter. Empower Advisory Group LLC grew its position in Vanguard Energy ETF by 14.3% in the 1st quarter. Empower Advisory Group LLC now owns 226,060 shares of the company’s stock valued at $29,322,000 after buying an additional 28,219 shares during the last quarter. Prospera Financial Services Inc increased its stake in Vanguard Energy ETF by 175.8% in the 2nd quarter. Prospera Financial Services Inc now owns 32,031 shares of the company’s stock valued at $3,821,000 after buying an additional 20,417 shares during the period. Finally, Strategic Investment Solutions Inc. IL raised its position in Vanguard Energy ETF by 1,249.9% during the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 21,720 shares of the company’s stock worth $2,587,000 after buying an additional 20,111 shares during the last quarter.

Vanguard Energy ETF Stock Down 0.9%

Shares of NYSEARCA:VDE opened at $127.82 on Thursday. Vanguard Energy ETF has a fifty-two week low of $103.07 and a fifty-two week high of $137.41. The firm’s 50-day simple moving average is $124.85 and its 200-day simple moving average is $121.61. The company has a market cap of $7.34 billion, a price-to-earnings ratio of 14.10 and a beta of 0.77.

Vanguard Energy ETF 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).