Vanguard Materials ETF $VAW Shares Sold by Richmond Brothers Inc.

Richmond Brothers Inc. lowered its holdings in Vanguard Materials ETF (NYSEARCA:VAW) by 9.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,886 shares of the company’s stock after selling 1,836 shares during the period. Vanguard Materials ETF makes up 2.3% of Richmond Brothers Inc.’s holdings, making the stock its 14th biggest holding. Richmond Brothers Inc.’s holdings in Vanguard Materials ETF were worth $3,485,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VAW. Farther Finance Advisors LLC boosted its holdings in Vanguard Materials ETF by 18.4% in the second quarter. Farther Finance Advisors LLC now owns 3,437 shares of the company’s stock valued at $670,000 after purchasing an additional 534 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Vanguard Materials ETF during the first quarter worth about $202,000. Goldman Sachs Group Inc. increased its stake in shares of Vanguard Materials ETF by 748.6% during the first quarter. Goldman Sachs Group Inc. now owns 14,817 shares of the company’s stock worth $2,798,000 after buying an additional 13,071 shares during the period. Kestra Private Wealth Services LLC acquired a new stake in Vanguard Materials ETF in the first quarter valued at approximately $255,000. Finally, Wedmont Private Capital purchased a new position in Vanguard Materials ETF in the second quarter worth approximately $273,000.

Vanguard Materials ETF Trading Up 0.8%

Shares of NYSEARCA:VAW opened at $199.84 on Thursday. The company has a market cap of $2.74 billion, a PE ratio of 23.02 and a beta of 1.06. The company’s 50 day moving average is $202.56 and its two-hundred day moving average is $198.72. Vanguard Materials ETF has a 52 week low of $161.43 and a 52 week high of $213.52.

About Vanguard Materials ETF

Vanguard Materials ETF seeks to track the investment performance of the MSCI US Investable Market Materials 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the materials sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies in a wide range of commodity-related manufacturing industries.