Global Wealth Management LLC Takes $716,000 Position in Vanguard Energy ETF (NYSEARCA:VDE)

Global Wealth Management LLC acquired a new stake in Vanguard Energy ETF (NYSEARCA:VDE) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,843 shares of the company’s stock, valued at approximately $716,000. Vanguard Energy ETF comprises approximately 0.5% of Global Wealth Management LLC’s investment portfolio, making the stock its 17th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in VDE. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Vanguard Energy ETF in the 2nd quarter valued at about $43,000. Headlands Technologies LLC bought a new stake in shares of Vanguard Energy ETF in the second quarter worth about $47,000. Woodmont Investment Counsel LLC acquired a new stake in shares of Vanguard Energy ETF during the first quarter worth about $50,000. TruNorth Capital Management LLC acquired a new stake in shares of Vanguard Energy ETF during the second quarter worth about $64,000. Finally, Cedar Wealth Management LLC grew its position in shares of Vanguard Energy ETF by 38.4% in the 2nd quarter. Cedar Wealth Management LLC now owns 833 shares of the company’s stock valued at $106,000 after purchasing an additional 231 shares during the period.

Vanguard Energy ETF Stock Performance

NYSEARCA VDE traded up $0.13 during trading hours on Friday, reaching $125.32. 220,964 shares of the company’s stock were exchanged, compared to its average volume of 442,763. Vanguard Energy ETF has a one year low of $110.51 and a one year high of $137.92. The company’s 50-day moving average is $124.71 and its two-hundred day moving average is $127.22. The company has a market capitalization of $8.36 billion, a price-to-earnings ratio of 8.22 and a beta of 0.51.

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).