Institute for Wealth Management LLC. Increases Stock Position in Vanguard Materials ETF (NYSEARCA:VAW)

Institute for Wealth Management LLC. grew its stake in shares of Vanguard Materials ETF (NYSEARCA:VAW) by 7.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,921 shares of the company’s stock after buying an additional 203 shares during the period. Institute for Wealth Management LLC.’s holdings in Vanguard Materials ETF were worth $555,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in VAW. JPMorgan Chase & Co. grew its stake in shares of Vanguard Materials ETF by 21.8% during the 1st quarter. JPMorgan Chase & Co. now owns 27,931 shares of the company’s stock valued at $5,420,000 after buying an additional 4,991 shares during the period. Citigroup Inc. lifted its holdings in Vanguard Materials ETF by 39.8% in the 1st quarter. Citigroup Inc. now owns 2,631 shares of the company’s stock worth $511,000 after buying an additional 749 shares in the last quarter. Cibc World Market Inc. lifted its holdings in Vanguard Materials ETF by 6.2% in the 1st quarter. Cibc World Market Inc. now owns 11,949 shares of the company’s stock worth $2,319,000 after buying an additional 699 shares in the last quarter. Mather Group LLC. acquired a new position in Vanguard Materials ETF in the 1st quarter worth $838,000. Finally, Equitable Holdings Inc. raised its stake in shares of Vanguard Materials ETF by 6.4% in the 1st quarter. Equitable Holdings Inc. now owns 4,853 shares of the company’s stock valued at $942,000 after purchasing an additional 291 shares in the last quarter.

Vanguard Materials ETF Stock Performance

Shares of Vanguard Materials ETF stock opened at $195.25 on Friday. The firm has a market cap of $2.89 billion, a PE ratio of 15.44 and a beta of 0.98. The firm’s 50-day simple moving average is $196.54 and its 200-day simple moving average is $184.77. Vanguard Materials ETF has a 1 year low of $162.48 and a 1 year high of $205.99.

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.