Richmond Brothers Inc. Has $7.16 Million Stock Holdings in Vanguard Materials ETF $VAW

Richmond Brothers Inc. grew its holdings in Vanguard Materials ETF (NYSEARCA:VAW) by 95.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,935 shares of the company’s stock after acquiring an additional 17,049 shares during the period. Vanguard Materials ETF accounts for approximately 4.5% of Richmond Brothers Inc.’s holdings, making the stock its 11th largest position. Richmond Brothers Inc.’s holdings in Vanguard Materials ETF were worth $7,157,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Root Financial Partners LLC acquired a new stake in shares of Vanguard Materials ETF in the 3rd quarter valued at $30,000. Paladin Advisory Group LLC acquired a new position in Vanguard Materials ETF during the third quarter worth $56,000. CWM LLC raised its holdings in Vanguard Materials ETF by 58.9% during the second quarter. CWM LLC now owns 294 shares of the company’s stock valued at $57,000 after buying an additional 109 shares in the last quarter. Davis Capital Management acquired a new stake in shares of Vanguard Materials ETF in the third quarter worth about $59,000. Finally, NBT Bank N A NY lifted its position in shares of Vanguard Materials ETF by 33.3% in the third quarter. NBT Bank N A NY now owns 296 shares of the company’s stock worth $61,000 after buying an additional 74 shares during the last quarter.

Vanguard Materials ETF Stock Performance

VAW opened at $240.55 on Friday. The company has a market cap of $3.28 billion, a PE ratio of 23.02 and a beta of 1.06. The stock has a 50-day moving average of $223.16 and a 200-day moving average of $209.36. Vanguard Materials ETF has a 52-week low of $161.43 and a 52-week high of $245.18.

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.