Mission Wealth Management LP Buys New Stake in Vanguard Materials ETF $VAW

Mission Wealth Management LP bought a new stake in Vanguard Materials ETF (NYSEARCA:VAW) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 1,391 shares of the company’s stock, valued at approximately $271,000.

Several other large investors have also recently bought and sold shares of VAW. Mutual Advisors LLC increased its holdings in Vanguard Materials ETF by 7.3% in the first quarter. Mutual Advisors LLC now owns 1,155 shares of the company’s stock valued at $211,000 after buying an additional 79 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Vanguard Materials ETF during the first quarter worth about $202,000. Concurrent Investment Advisors LLC grew its holdings in shares of Vanguard Materials ETF by 2.9% during the first quarter. Concurrent Investment Advisors LLC now owns 4,663 shares of the company’s stock worth $880,000 after purchasing an additional 132 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Vanguard Materials ETF by 2.9% during the first quarter. Envestnet Asset Management Inc. now owns 295,847 shares of the company’s stock worth $55,859,000 after purchasing an additional 8,223 shares during the last quarter. Finally, M&T Bank Corp grew its holdings in shares of Vanguard Materials ETF by 3.0% during the first quarter. M&T Bank Corp now owns 21,176 shares of the company’s stock worth $3,998,000 after purchasing an additional 625 shares during the last quarter.

Vanguard Materials ETF Stock Performance

Shares of VAW stock opened at $192.26 on Wednesday. The stock’s 50-day moving average is $203.97 and its two-hundred day moving average is $198.20. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 23.02 and a beta of 1.06. Vanguard Materials ETF has a 1 year low of $161.43 and a 1 year high of $213.52.

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.