Independent Financial Group LLC Purchases New Position in Vanguard Materials ETF $VAW

Independent Financial Group LLC purchased a new stake in Vanguard Materials ETF (NYSEARCA:VAW) during the first quarter, Holdings Channel reports. The firm purchased 3,137 shares of the company’s stock, valued at approximately $707,000.

Several other hedge funds have also recently bought and sold shares of VAW. Ameritas Advisory Services LLC lifted its holdings in shares of Vanguard Materials ETF by 7,904.5% during the fourth quarter. Ameritas Advisory Services LLC now owns 106,700 shares of the company’s stock valued at $22,146,000 after acquiring an additional 105,367 shares during the period. Corient Private Wealth LLC grew its holdings in shares of Vanguard Materials ETF by 87.1% in the 2nd quarter. Corient Private Wealth LLC now owns 147,026 shares of the company’s stock worth $28,645,000 after purchasing an additional 68,427 shares during the last quarter. Polianta Ltd bought a new stake in shares of Vanguard Materials ETF in the 4th quarter worth about $9,215,000. Raymond James Financial Inc. increased its position in shares of Vanguard Materials ETF by 36.1% during the 3rd quarter. Raymond James Financial Inc. now owns 162,221 shares of the company’s stock worth $33,232,000 after purchasing an additional 43,024 shares in the last quarter. Finally, Guardian Wealth Management LLC acquired a new stake in shares of Vanguard Materials ETF during the 4th quarter worth about $5,406,000.

Vanguard Materials ETF Stock Up 0.7%

Shares of VAW stock opened at $222.83 on Wednesday. Vanguard Materials ETF has a 12-month low of $190.29 and a 12-month high of $245.26. The company has a market capitalization of $2.95 billion, a P/E ratio of 23.02 and a beta of 0.96. The firm has a 50-day moving average price of $229.59 and a 200 day moving average price of $229.90.

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.