Richmond Brothers Inc. reduced its position in Vanguard Materials ETF (NYSEARCA:VAW – Free Report) by 7.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 32,424 shares of the company’s stock after selling 2,511 shares during the period. Vanguard Materials ETF accounts for approximately 4.3% of Richmond Brothers Inc.’s investment portfolio, making the stock its 8th largest holding. Richmond Brothers Inc.’s holdings in Vanguard Materials ETF were worth $6,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the business. M Holdings Securities Inc. bought a new position in shares of Vanguard Materials ETF in the 4th quarter worth approximately $5,363,000. Janney Montgomery Scott LLC lifted its stake in shares of Vanguard Materials ETF by 1.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 8,843 shares of the company’s stock worth $1,835,000 after purchasing an additional 168 shares during the period. Cerity Partners LLC bought a new position in Vanguard Materials ETF in the fourth quarter worth approximately $443,000. LPL Financial LLC raised its position in Vanguard Materials ETF by 2.5% in the fourth quarter. LPL Financial LLC now owns 295,587 shares of the company’s stock worth $61,349,000 after acquiring an additional 7,149 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its position in Vanguard Materials ETF by 13.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 4,063 shares of the company’s stock worth $843,000 after acquiring an additional 488 shares during the period.
Vanguard Materials ETF Trading Up 3.5%
VAW opened at $230.99 on Friday. Vanguard Materials ETF has a 1-year low of $190.01 and a 1-year high of $245.26. The company has a market capitalization of $3.00 billion, a PE ratio of 23.02 and a beta of 0.96. The firm’s 50 day simple moving average is $231.73 and its two-hundred day simple moving average is $225.05.
Vanguard Materials ETF 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.
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