Phillips Financial Management LLC Grows Holdings in Vanguard Materials ETF $VAW

Phillips Financial Management LLC raised its position in Vanguard Materials ETF (NYSEARCA:VAW) by 4.0% in the second quarter, Holdings Channel reports. The institutional investor owned 3,858 shares of the company’s stock after purchasing an additional 149 shares during the period. Phillips Financial Management LLC’s holdings in Vanguard Materials ETF were worth $752,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Greykasell Wealth Strategies Inc. purchased a new position in Vanguard Materials ETF in the first quarter valued at $25,000. NBT Bank N A NY increased its stake in shares of Vanguard Materials ETF by 33.7% during the second quarter. NBT Bank N A NY now owns 222 shares of the company’s stock worth $43,000 after purchasing an additional 56 shares in the last quarter. Olistico Wealth LLC purchased a new stake in shares of Vanguard Materials ETF during the first quarter worth about $42,000. Wealth Preservation Advisors LLC purchased a new stake in shares of Vanguard Materials ETF during the first quarter worth about $52,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Vanguard Materials ETF during the first quarter worth about $55,000.

Vanguard Materials ETF Stock Down 0.9%

VAW stock opened at $202.61 on Wednesday. The stock has a market capitalization of $2.78 billion, a P/E ratio of 23.02 and a beta of 1.11. The firm has a 50-day simple moving average of $205.20 and a 200-day simple moving average of $196.18. Vanguard Materials ETF has a 52 week low of $161.43 and a 52 week high of $213.52.

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.