Meridian Wealth Management LLC Purchases Shares of 2,938 Vanguard Energy ETF (NYSEARCA:VDE)

Meridian Wealth Management LLC purchased a new stake in Vanguard Energy ETF (NYSEARCA:VDE) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 2,938 shares of the company’s stock, valued at approximately $356,000.

Other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its stake in Vanguard Energy ETF by 79.6% in the third quarter. Janney Montgomery Scott LLC now owns 22,097 shares of the company’s stock valued at $2,706,000 after buying an additional 9,794 shares in the last quarter. US Bancorp DE lifted its position in shares of Vanguard Energy ETF by 5.8% in the third quarter. US Bancorp DE now owns 3,783 shares of the company’s stock worth $463,000 after purchasing an additional 206 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Vanguard Energy ETF by 24.9% in the fourth quarter. Blue Trust Inc. now owns 1,918 shares of the company’s stock worth $233,000 after purchasing an additional 382 shares in the last quarter. Pitcairn Co. bought a new stake in shares of Vanguard Energy ETF in the third quarter worth $429,000. Finally, Center for Financial Planning Inc. lifted its position in shares of Vanguard Energy ETF by 7.6% in the fourth quarter. Center for Financial Planning Inc. now owns 5,494 shares of the company’s stock worth $666,000 after purchasing an additional 387 shares in the last quarter.

Vanguard Energy ETF Stock Down 1.4 %

Shares of VDE stock opened at $119.14 on Thursday. The company’s fifty day simple moving average is $125.87 and its 200-day simple moving average is $126.13. The firm has a market cap of $11.06 billion, a PE ratio of 13.80 and a beta of 1.25. Vanguard Energy ETF has a 12 month low of $115.51 and a 12 month high of $137.92.

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).