Freedom Investment Management Inc. Trims Stake in Vanguard Materials ETF $VAW

Freedom Investment Management Inc. decreased its position in shares of Vanguard Materials ETF (NYSEARCA:VAW) by 4.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,721 shares of the company’s stock after selling 75 shares during the period. Freedom Investment Management Inc.’s holdings in Vanguard Materials ETF were worth $335,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VAW. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Vanguard Materials ETF by 43.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,674 shares of the company’s stock worth $2,393,000 after acquiring an additional 3,834 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Vanguard Materials ETF by 21.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,866 shares of the company’s stock worth $3,184,000 after acquiring an additional 2,965 shares during the period. Ameritas Advisory Services LLC grew its holdings in shares of Vanguard Materials ETF by 2.3% during the 1st quarter. Ameritas Advisory Services LLC now owns 6,204 shares of the company’s stock worth $1,170,000 after acquiring an additional 139 shares during the period. Westside Investment Management Inc. grew its holdings in shares of Vanguard Materials ETF by 14.1% during the 1st quarter. Westside Investment Management Inc. now owns 517 shares of the company’s stock worth $98,000 after acquiring an additional 64 shares during the period. Finally, Mutual Advisors LLC grew its holdings in shares of Vanguard Materials ETF by 7.3% during the 1st quarter. Mutual Advisors LLC now owns 1,155 shares of the company’s stock worth $211,000 after acquiring an additional 79 shares during the period.

Vanguard Materials ETF Stock Performance

VAW stock opened at $202.94 on Monday. Vanguard Materials ETF has a fifty-two week low of $161.43 and a fifty-two week high of $213.52. The business’s 50 day moving average price is $205.09 and its two-hundred day moving average price is $197.08. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 23.02 and a beta of 1.11.

About Vanguard Materials ETF

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.