Vanguard Materials ETF (NYSEARCA:VAW) Sets New 1-Year High – Should You Buy?

Vanguard Materials ETF (NYSEARCA:VAW)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $210.39 and last traded at $209.5280, with a volume of 1966 shares traded. The stock had previously closed at $207.31.

Vanguard Materials ETF Stock Performance

The company has a market cap of $2.87 billion, a P/E ratio of 23.02 and a beta of 1.06. The company has a fifty day moving average price of $200.20 and a two-hundred day moving average price of $201.08.

Institutional Trading of Vanguard Materials ETF

A number of hedge funds have recently modified their holdings of VAW. Root Financial Partners LLC bought a new position in Vanguard Materials ETF during the 3rd quarter worth $30,000. NBT Bank N A NY lifted its holdings in shares of Vanguard Materials ETF by 33.7% in the second quarter. NBT Bank N A NY now owns 222 shares of the company’s stock worth $43,000 after acquiring an additional 56 shares during the last quarter. Paladin Advisory Group LLC acquired a new position in Vanguard Materials ETF during the 3rd quarter worth approximately $56,000. Wealth Preservation Advisors LLC acquired a new stake in Vanguard Materials ETF in the first quarter valued at approximately $52,000. Finally, Davis Capital Management acquired a new position in shares of Vanguard Materials ETF during the third quarter worth $59,000.

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.