Vanguard Materials ETF $VAW Holdings Reduced by Richmond Brothers Inc.

Richmond Brothers Inc. trimmed its holdings in shares of Vanguard Materials ETF (NYSEARCA:VAW) by 7.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,424 shares of the company’s stock after selling 2,511 shares during the period. Vanguard Materials ETF makes up about 4.3% of Richmond Brothers Inc.’s investment portfolio, making the stock its 8th largest holding. Richmond Brothers Inc. owned 0.24% of Vanguard Materials ETF worth $6,730,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Vanguard Materials ETF during the 4th quarter valued at $25,000. Godfrey Financial Associates Inc. purchased a new stake in Vanguard Materials ETF during the 4th quarter valued at $26,000. BOK Financial Private Wealth Inc. purchased a new stake in Vanguard Materials ETF during the 4th quarter valued at $30,000. Root Financial Partners LLC boosted its stake in Vanguard Materials ETF by 46.2% during the 4th quarter. Root Financial Partners LLC now owns 212 shares of the company’s stock valued at $44,000 after purchasing an additional 67 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in Vanguard Materials ETF by 2,341.7% during the 4th quarter. Larson Financial Group LLC now owns 293 shares of the company’s stock valued at $61,000 after purchasing an additional 281 shares during the last quarter.

Vanguard Materials ETF Trading Up 3.5%

Shares of VAW opened at $230.99 on Friday. The business’s fifty day simple moving average is $231.73 and its two-hundred day simple moving average is $225.05. Vanguard Materials ETF has a 12 month low of $190.01 and a 12 month high of $245.26. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 23.02 and a beta of 0.96.

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.