Cedar Brook Financial Partners LLC acquired a new stake in Vanguard Energy ETF (NYSEARCA:VDE) in the first quarter, HoldingsChannel.com reports. The fund acquired 2,262 shares of the company’s stock, valued at approximately $202,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Beacon Capital Management Inc. lifted its position in shares of Vanguard Energy ETF by 6,679.4% in the first quarter. Beacon Capital Management Inc. now owns 1,408,080 shares of the company’s stock valued at $125,854,000 after buying an additional 1,387,310 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Vanguard Energy ETF by 45.2% in the fourth quarter. Bank of America Corp DE now owns 1,223,470 shares of the company’s stock valued at $94,342,000 after buying an additional 381,131 shares during the last quarter. Valmark Advisers Inc. increased its stake in shares of Vanguard Energy ETF by 21.3% during the fourth quarter. Valmark Advisers Inc. now owns 282,478 shares of the company’s stock worth $21,782,000 after purchasing an additional 49,673 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Vanguard Energy ETF by 1.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 228,761 shares of the company’s stock worth $20,447,000 after purchasing an additional 3,261 shares during the period. Finally, LPL Financial LLC increased its stake in shares of Vanguard Energy ETF by 5.3% during the fourth quarter. LPL Financial LLC now owns 195,950 shares of the company’s stock worth $15,110,000 after purchasing an additional 9,923 shares during the period.
Shares of NYSEARCA VDE opened at $82.35 on Friday. Vanguard Energy ETF has a 1-year low of $71.70 and a 1-year high of $108.55.
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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).
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