Stephens Inc. AR raised its holdings in Vanguard Materials ETF (NYSEARCA:VAW) by 5.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,411 shares of the company’s stock after acquiring an additional 246 shares during the period. Stephens Inc. AR’s holdings in Vanguard Materials ETF were worth $566,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Financial Gravity Wealth Inc. purchased a new stake in shares of Vanguard Materials ETF in the 1st quarter valued at approximately $26,000. Advisory Services Network LLC boosted its position in shares of Vanguard Materials ETF by 50.4% during the 2nd quarter. Advisory Services Network LLC now owns 770 shares of the company’s stock worth $99,000 after purchasing an additional 258 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in shares of Vanguard Materials ETF during the 2nd quarter worth approximately $136,000. Bank of Montreal Can boosted its position in shares of Vanguard Materials ETF by 171.5% during the 1st quarter. Bank of Montreal Can now owns 1,173 shares of the company’s stock worth $144,000 after purchasing an additional 741 shares during the period. Finally, Coastline Trust Co purchased a new position in shares of Vanguard Materials ETF during the 1st quarter worth approximately $200,000.
NYSEARCA:VAW opened at $122.59 on Thursday. The company has a 50 day moving average price of $126.18 and a 200 day moving average price of $124.10. Vanguard Materials ETF has a fifty-two week low of $103.54 and a fifty-two week high of $138.09.
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.
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