Vanguard Materials ETF (NYSEARCA:VAW) Reaches New 1-Year High – What’s Next?

Shares of Vanguard Materials ETF (NYSEARCA:VAW) hit a new 52-week high during trading on Wednesday . The company traded as high as $226.90 and last traded at $226.5780, with a volume of 14366 shares. The stock had previously closed at $223.28.

Vanguard Materials ETF Stock Up 1.2%

The company has a market capitalization of $3.08 billion, a P/E ratio of 23.02 and a beta of 1.06. The company has a 50-day moving average of $207.50 and a two-hundred day moving average of $204.22.

Institutional Investors Weigh In On Vanguard Materials ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Beacon Capital Management Inc. raised its stake in shares of Vanguard Materials ETF by 1,541.2% during the second quarter. Beacon Capital Management Inc. now owns 461,049 shares of the company’s stock valued at $89,826,000 after acquiring an additional 432,957 shares in the last quarter. Strategic Investment Advisors MI acquired a new position in Vanguard Materials ETF during the 3rd quarter valued at about $36,562,000. Corient Private Wealth LLC increased its holdings in shares of Vanguard Materials ETF by 87.1% during the second quarter. Corient Private Wealth LLC now owns 147,026 shares of the company’s stock valued at $28,645,000 after acquiring an additional 68,427 shares in the last quarter. Laurel Wealth Advisors LLC raised its holdings in shares of Vanguard Materials ETF by 169,253.8% in the second quarter. Laurel Wealth Advisors LLC now owns 66,048 shares of the company’s stock worth $12,868,000 after buying an additional 66,009 shares during the last quarter. Finally, GW Henssler & Associates Ltd. acquired a new stake in Vanguard Materials ETF during the 2nd quarter worth about $12,588,000.

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. 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.