Janney Montgomery Scott LLC lifted its position in Vanguard Materials ETF (NYSEARCA:VAW) by 42.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,245 shares of the company’s stock after purchasing an additional 3,622 shares during the period. Janney Montgomery Scott LLC’s holdings in Vanguard Materials ETF were worth $2,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MTM Investment Management LLC purchased a new stake in shares of Vanguard Materials ETF in the first quarter worth $25,000. Concord Wealth Partners purchased a new stake in shares of Vanguard Materials ETF in the fourth quarter worth $26,000. Regent Peak Wealth Advisors LLC purchased a new stake in shares of Vanguard Materials ETF in the fourth quarter worth $30,000. Independence Bank of Kentucky purchased a new stake in shares of Vanguard Materials ETF in the fourth quarter worth $32,000. Finally, IFP Advisors Inc grew its stake in Vanguard Materials ETF by 348.9% during the fourth quarter. IFP Advisors Inc now owns 211 shares of the company’s stock valued at $34,000 after acquiring an additional 164 shares in the last quarter.
VAW opened at $192.83 on Wednesday. The company has a fifty day moving average of $179.01 and a 200 day moving average of $162.63. Vanguard Materials ETF has a fifty-two week low of $102.56 and a fifty-two week high of $196.00.
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.
Recommended Story: What defines an oversold asset?
Want to see what other hedge funds are holding VAW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vanguard Materials ETF (NYSEARCA:VAW).
Receive News & Ratings for Vanguard Materials ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vanguard Materials ETF and related companies with MarketBeat.com's FREE daily email newsletter.