Wolff Wiese Magana LLC Halves Investment in Vanguard Energy ETF

In a significant adjustment to its investment portfolio, Wolff Wiese Magana LLC reduced its stake in the Vanguard Energy ETF (NYSEARCA:VDE) by 50.5% during the third quarter, as detailed in its latest filing with the Securities and Exchange Commission (SEC). This move resulted in the investment firm's holding declining to 363 shares after the sale of 371 shares in that period. The value of Wolff Wiese Magana LLC's remaining investment in Vanguard Energy ETF amounted to $46,000 at the close of the reporting period.

Diverse Hedge Fund Activity

The shift by Wolff Wiese Magana LLC mirrors a broader trend seen among other hedge funds adjusting their holdings in Vanguard Energy ETF. Angeles Wealth Management LLC established a new position with an investment worth about $25,000 during the third quarter. Furthermore, Newbridge Financial Services Group Inc. expanded its stake significantly by 559.4%, owning 211 shares valued at $27,000 after purchasing an additional 179 shares.

Similarly, during the second quarter, ST Germain D J Co. Inc. took on a fresh stake in Vanguard Energy ETF, amounting to roughly $28,000. Truvestments Capital LLC increased its holding by 318.6%, resulting in 247 shares worth $28,000 following the addition of 188 shares. Additionally, Brown Brothers Harriman & Co. made a new investment totaling approximately $34,000 in the same period.

Performance of Vanguard Energy ETF

On the subject of performance data, as of the last check, Vanguard Energy ETF began trading at $115.53. The ETF's price has been fluctuating, with its 50-day moving average standing at $117.51 and a 200-day moving average at $120.61. The ETF holds a market capitalization of $7.50 billion, trades with a price-to-earnings ratio of 9.90 and possesses a beta of 1.39. As per the last 52-week period, VDE's low was $104.17, while the high reached $131.07.

Understanding Vanguard Energy ETF

The Vanguard Energy ETF is an exchange-traded fund that provides investors with exposure to the U.S. energy sector by tracking the MSCI US Investable Market Energy Index. It includes stocks from various-sized American companies that are categorized within the energy industry as per the Global Industry Classification Standard (GICS). The ETF is designed to reflect the performance of these companies and operates with a passive management or indexing investment approach.

investment, Vanguard, energy