Vanguard Materials ETF (NYSEARCA:VAW) Sees Unusually-High Trading Volume

Vanguard Materials ETF (NYSEARCA:VAW) shares saw an uptick in trading volume on Friday . 41,352 shares changed hands during mid-day trading, a decline of 16% from the previous session’s volume of 49,516 shares.The stock last traded at $197.05 and had previously closed at $198.32.

Vanguard Materials ETF Stock Down 1.3 %

The business has a fifty day simple moving average of $198.02 and a 200 day simple moving average of $198.04. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 15.20 and a beta of 0.98.

Institutional Investors Weigh In On Vanguard Materials ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Vanguard Materials ETF in the fourth quarter valued at $29,000. New Millennium Group LLC purchased a new position in shares of Vanguard Materials ETF in the second quarter valued at $33,000. Principal Securities Inc. purchased a new position in shares of Vanguard Materials ETF in the fourth quarter valued at $35,000. Rosenberg Matthew Hamilton purchased a new position in shares of Vanguard Materials ETF in the second quarter valued at $42,000. Finally, CWM LLC increased its position in shares of Vanguard Materials ETF by 35.9% in the second quarter. CWM LLC now owns 231 shares of the company’s stock valued at $44,000 after buying an additional 61 shares in the last quarter.

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.