Wedbush Securities Inc. Lowers Holdings in Vanguard Materials ETF $VAW

Wedbush Securities Inc. decreased its position in shares of Vanguard Materials ETF (NYSEARCA:VAW) by 27.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 2,276 shares of the company’s stock after selling 872 shares during the quarter. Wedbush Securities Inc.’s holdings in Vanguard Materials ETF were worth $443,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VAW. GW Henssler & Associates Ltd. bought a new position in Vanguard Materials ETF during the 2nd quarter worth about $12,588,000. Everstar Asset Management LLC bought a new stake in shares of Vanguard Materials ETF in the 1st quarter valued at about $7,880,000. Raymond James Financial Inc. lifted its position in shares of Vanguard Materials ETF by 53.5% in the 1st quarter. Raymond James Financial Inc. now owns 101,987 shares of the company’s stock worth $19,256,000 after purchasing an additional 35,535 shares during the period. Empower Advisory Group LLC lifted its position in shares of Vanguard Materials ETF by 7.2% in the 1st quarter. Empower Advisory Group LLC now owns 340,823 shares of the company’s stock worth $64,351,000 after purchasing an additional 22,923 shares during the period. Finally, PGIM Custom Harvest LLC boosted its stake in shares of Vanguard Materials ETF by 14.8% during the first quarter. PGIM Custom Harvest LLC now owns 151,632 shares of the company’s stock valued at $28,630,000 after purchasing an additional 19,580 shares in the last quarter.

Vanguard Materials ETF Stock Up 0.7%

Shares of NYSEARCA:VAW opened at $198.17 on Wednesday. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 23.02 and a beta of 1.06. Vanguard Materials ETF has a 52 week low of $161.43 and a 52 week high of $213.52. The firm has a 50 day moving average of $202.68 and a 200 day moving average of $198.72.

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.