Vanguard Materials ETF (NYSEARCA:VAW) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. cut its stake in shares of Vanguard Materials ETF (NYSEARCA:VAW) by 1.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,061 shares of the company’s stock after selling 74 shares during the period. Baird Financial Group Inc.’s holdings in Vanguard Materials ETF were worth $951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of VAW. GPS Wealth Strategies Group LLC lifted its holdings in shares of Vanguard Materials ETF by 50.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 208 shares of the company’s stock worth $39,000 after purchasing an additional 70 shares during the period. Parkside Financial Bank & Trust raised its position in Vanguard Materials ETF by 4,133.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 254 shares of the company’s stock worth $48,000 after acquiring an additional 248 shares in the last quarter. Russell Investments Group Ltd. raised its position in Vanguard Materials ETF by 110.1% in the fourth quarter. Russell Investments Group Ltd. now owns 290 shares of the company’s stock worth $54,000 after acquiring an additional 152 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new position in Vanguard Materials ETF in the fourth quarter worth $57,000. Finally, SBI Securities Co. Ltd. purchased a new position in Vanguard Materials ETF in the fourth quarter worth $71,000.

Vanguard Materials ETF Stock Performance

NYSEARCA:VAW opened at $188.71 on Thursday. The stock has a fifty day moving average price of $184.01 and a two-hundred day moving average price of $194.03. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 23.70 and a beta of 1.08. Vanguard Materials ETF has a 1 year low of $161.43 and a 1 year high of $215.82.

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.