Vanguard Materials ETF (NYSEARCA:VAW) Hits New 1-Year High – Here’s Why

Shares of Vanguard Materials ETF (NYSEARCA:VAW) hit a new 52-week high during trading on Monday . The company traded as high as $211.80 and last traded at $209.9910, with a volume of 38715 shares trading hands. The stock had previously closed at $210.64.

Vanguard Materials ETF Trading Down 1.3%

The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 23.02 and a beta of 1.06. The firm’s 50 day moving average price is $200.81 and its two-hundred day moving average price is $201.52.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Strategic Investment Advisors MI acquired a new stake in Vanguard Materials ETF during the 3rd quarter valued at $36,562,000. Centaurus Financial Inc. raised its position in shares of Vanguard Materials ETF by 3.7% in the third quarter. Centaurus Financial Inc. now owns 7,161 shares of the company’s stock valued at $1,467,000 after purchasing an additional 258 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Vanguard Materials ETF during the 3rd quarter worth about $284,000. NewEdge Advisors LLC lifted its stake in shares of Vanguard Materials ETF by 10.0% during the 3rd quarter. NewEdge Advisors LLC now owns 3,136 shares of the company’s stock worth $643,000 after buying an additional 284 shares during the last quarter. Finally, Hershey Financial Advisers LLC boosted its holdings in shares of Vanguard Materials ETF by 41.3% during the 3rd quarter. Hershey Financial Advisers LLC now owns 8,590 shares of the company’s stock worth $1,760,000 after buying an additional 2,511 shares during the period.

Vanguard Materials ETF Company Profile

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. Included within this sector are companies that manufacture chemicals, construction materials, glass, paper, forest products, and related packaging products, as well as metals, minerals, and mining companies, including producers of steel.