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

Shares of Vanguard Materials ETF (NYSEARCA:VAW) reached a new 52-week high on Monday . The company traded as high as $223.48 and last traded at $223.6730, with a volume of 9642 shares. The stock had previously closed at $222.30.

Vanguard Materials ETF Trading Up 0.9%

The business has a 50 day moving average of $203.27 and a two-hundred day moving average of $202.93. The firm has a market cap of $3.06 billion, a P/E ratio of 23.02 and a beta of 1.06.

Institutional Trading of Vanguard Materials ETF

Hedge funds have recently modified their holdings of the stock. Beacon Capital Management Inc. grew its stake in Vanguard Materials ETF by 1,541.2% in the 2nd quarter. Beacon Capital Management Inc. now owns 461,049 shares of the company’s stock valued at $89,826,000 after buying an additional 432,957 shares during the last quarter. Strategic Investment Advisors MI acquired a new position in shares of Vanguard Materials ETF in the third quarter valued at approximately $36,562,000. Corient Private Wealth LLC grew its position in shares of Vanguard Materials ETF by 87.1% in the second quarter. Corient Private Wealth LLC now owns 147,026 shares of the company’s stock valued at $28,645,000 after purchasing an additional 68,427 shares during the last quarter. Laurel Wealth Advisors LLC increased its stake in shares of Vanguard Materials ETF by 169,253.8% during the second quarter. Laurel Wealth Advisors LLC now owns 66,048 shares of the company’s stock worth $12,868,000 after purchasing an additional 66,009 shares during the period. Finally, GW Henssler & Associates Ltd. acquired a new stake in Vanguard Materials ETF during the 2nd quarter worth approximately $12,588,000.

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.