Vanguard Materials ETF (NYSEARCA:VAW) Reaches New 52-Week High – Here’s Why

Vanguard Materials ETF (NYSEARCA:VAW) hit a new 52-week high on Wednesday . The stock traded as high as $245.26 and last traded at $241.3140, with a volume of 11675 shares traded. The stock had previously closed at $243.38.

Vanguard Materials ETF Stock Performance

The stock’s fifty day moving average is $225.27 and its two-hundred day moving average is $210.45. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 23.02 and a beta of 1.06.

Hedge Funds Weigh In On Vanguard Materials ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in shares of Vanguard Materials ETF by 1.2% during the 3rd quarter. Bank of America Corp DE now owns 1,417,176 shares of the company’s stock worth $290,323,000 after buying an additional 16,394 shares in the last quarter. Beacon Capital Management Inc. raised its holdings in Vanguard Materials ETF by 19.0% during the third quarter. Beacon Capital Management Inc. now owns 548,761 shares of the company’s stock worth $112,419,000 after purchasing an additional 87,712 shares in the last quarter. Empower Advisory Group LLC lifted its holdings in shares of Vanguard Materials ETF by 2.3% in the second quarter. Empower Advisory Group LLC now owns 348,715 shares of the company’s stock valued at $67,940,000 after buying an additional 7,892 shares during the period. LPL Financial LLC lifted its position in shares of Vanguard Materials ETF by 2.5% during the 4th quarter. LPL Financial LLC now owns 295,587 shares of the company’s stock valued at $61,349,000 after acquiring an additional 7,149 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Vanguard Materials ETF by 2.1% in the second quarter. The Manufacturers Life Insurance Company now owns 285,005 shares of the company’s stock worth $55,528,000 after buying an additional 5,920 shares during the last quarter.

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.