Franklin Resources Inc. Sells 17,300 Shares of Vanguard Energy ETF (NYSEARCA:VDE)

Franklin Resources Inc. reduced its stake in Vanguard Energy ETF (NYSEARCA:VDE) by 76.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,344 shares of the company’s stock after selling 17,300 shares during the period. Franklin Resources Inc.’s holdings in Vanguard Energy ETF were worth $691,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in Vanguard Energy ETF in the 3rd quarter worth approximately $46,000. Headlands Technologies LLC bought a new stake in Vanguard Energy ETF during the 2nd quarter valued at approximately $47,000. Banque Cantonale Vaudoise purchased a new position in Vanguard Energy ETF during the third quarter valued at $48,000. LRI Investments LLC purchased a new stake in shares of Vanguard Energy ETF in the third quarter worth about $58,000. Finally, Cedar Wealth Management LLC grew its holdings in shares of Vanguard Energy ETF by 38.4% in the second quarter. Cedar Wealth Management LLC now owns 833 shares of the company’s stock valued at $106,000 after purchasing an additional 231 shares in the last quarter.

Vanguard Energy ETF Stock Performance

NYSEARCA VDE opened at $119.27 on Monday. Vanguard Energy ETF has a fifty-two week low of $110.51 and a fifty-two week high of $137.92. The business’s 50 day moving average price is $127.47 and its 200-day moving average price is $126.30. The company has a market cap of $7.96 billion, a P/E 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).