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

Vanguard Materials ETF (NYSEARCA:VAW)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $236.96 and last traded at $236.6540, with a volume of 33969 shares trading hands. The stock had previously closed at $234.69.

Vanguard Materials ETF Price Performance

The firm has a market capitalization of $3.24 billion, a P/E ratio of 23.02 and a beta of 1.06. The stock has a fifty day simple moving average of $216.93 and a two-hundred day simple moving average of $207.14.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Vanguard Materials ETF in the fourth quarter valued at $25,000. Root Financial Partners LLC acquired a new stake in shares of Vanguard Materials ETF in the 3rd quarter valued at about $30,000. BOK Financial Private Wealth Inc. bought a new stake in Vanguard Materials ETF in the 4th quarter valued at about $30,000. Paladin Advisory Group LLC bought a new stake in Vanguard Materials ETF in the 3rd quarter valued at about $56,000. Finally, CWM LLC raised its stake in Vanguard Materials ETF by 58.9% during the 2nd quarter. CWM LLC now owns 294 shares of the company’s stock worth $57,000 after buying an additional 109 shares during the period.

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.