Vanguard Materials ETF (NYSEARCA:VAW) Sets New 12-Month High – Here’s What Happened

Vanguard Materials ETF (NYSEARCA:VAW)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $234.06 and last traded at $233.10, with a volume of 83822 shares. The stock had previously closed at $227.01.

Vanguard Materials ETF Stock Up 2.0%

The business has a 50 day moving average price of $213.68 and a two-hundred day moving average price of $206.02. The stock has a market cap of $3.16 billion, a P/E ratio of 23.02 and a beta of 1.06.

Institutional Trading of Vanguard Materials ETF

A number of institutional investors have recently bought and sold shares of VAW. Bank of America Corp DE increased its position in Vanguard Materials ETF by 1.2% during the third quarter. Bank of America Corp DE now owns 1,417,176 shares of the company’s stock valued at $290,323,000 after acquiring an additional 16,394 shares during the last quarter. Beacon Capital Management Inc. raised its position in Vanguard Materials ETF by 19.0% in the 3rd quarter. Beacon Capital Management Inc. now owns 548,761 shares of the company’s stock worth $112,419,000 after purchasing an additional 87,712 shares during the period. Empower Advisory Group LLC boosted its position in shares of Vanguard Materials ETF by 2.3% during the second quarter. Empower Advisory Group LLC now owns 348,715 shares of the company’s stock valued at $67,940,000 after buying an additional 7,892 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Vanguard Materials ETF by 2.1% during the second quarter. The Manufacturers Life Insurance Company now owns 285,005 shares of the company’s stock valued at $55,528,000 after buying an additional 5,920 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Vanguard Materials ETF by 23.5% in the third quarter. Envestnet Asset Management Inc. now owns 272,665 shares of the company’s stock worth $55,858,000 after buying an additional 51,929 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.