Vanguard Materials ETF (NYSEARCA:VAW) Hits New 1-Year High – Still a Buy?

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

Vanguard Materials ETF Trading Down 0.4%

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

Institutional Trading of Vanguard Materials ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Hershey Financial Advisers LLC bought a new position in Vanguard Materials ETF during the second quarter worth $1,184,000. AlphaCore Capital LLC bought a new position in Vanguard Materials ETF in the second quarter worth about $1,127,000. Atria Investments Inc boosted its stake in Vanguard Materials ETF by 55.4% in the third quarter. Atria Investments Inc now owns 16,636 shares of the company’s stock valued at $3,408,000 after acquiring an additional 5,929 shares during the period. Bailard Inc. grew its holdings in shares of Vanguard Materials ETF by 18.6% during the second quarter. Bailard Inc. now owns 3,498 shares of the company’s stock valued at $682,000 after purchasing an additional 548 shares during the last quarter. Finally, Allworth Financial LP raised its position in shares of Vanguard Materials ETF by 563.8% during the 2nd quarter. Allworth Financial LP now owns 989 shares of the company’s stock worth $193,000 after purchasing an additional 840 shares during the period.

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.