Vanguard Materials ETF $VAW Shares Sold by Axiom Financial Strategies LLC

Axiom Financial Strategies LLC cut its position in shares of Vanguard Materials ETF (NYSEARCA:VAW) by 36.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,918 shares of the company’s stock after selling 3,360 shares during the period. Vanguard Materials ETF accounts for 0.5% of Axiom Financial Strategies LLC’s holdings, making the stock its 25th biggest position. Axiom Financial Strategies LLC’s holdings in Vanguard Materials ETF were worth $1,212,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in shares of Vanguard Materials ETF by 748.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 14,817 shares of the company’s stock worth $2,798,000 after acquiring an additional 13,071 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of Vanguard Materials ETF during the 1st quarter valued at about $272,000. Allworth Financial LP grew its position in shares of Vanguard Materials ETF by 563.8% during the 2nd quarter. Allworth Financial LP now owns 989 shares of the company’s stock valued at $193,000 after acquiring an additional 840 shares during the period. Bailard Inc. increased its stake in shares of Vanguard Materials ETF by 18.6% in the 2nd quarter. Bailard Inc. now owns 3,498 shares of the company’s stock valued at $682,000 after purchasing an additional 548 shares in the last quarter. Finally, Foundations Investment Advisors LLC increased its stake in shares of Vanguard Materials ETF by 5.6% in the 2nd quarter. Foundations Investment Advisors LLC now owns 17,482 shares of the company’s stock valued at $3,406,000 after purchasing an additional 921 shares in the last quarter.

Vanguard Materials ETF Trading Down 1.2%

NYSEARCA VAW opened at $222.36 on Friday. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 23.02 and a beta of 1.06. The stock has a 50-day moving average of $231.53 and a 200 day moving average of $213.04. Vanguard Materials ETF has a twelve month low of $161.43 and a twelve month high of $245.26.

Vanguard Materials ETF 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.