Vanguard Materials ETF (NYSEARCA:VAW) Sees Strong Trading Volume – Here’s What Happened

Shares of Vanguard Materials ETF (NYSEARCA:VAW) saw an uptick in trading volume on Wednesday . 136,328 shares changed hands during trading, an increase of 104% from the previous session’s volume of 66,868 shares.The stock last traded at $193.01 and had previously closed at $191.88.

Vanguard Materials ETF Price Performance

The company has a market capitalization of $2.91 billion, a PE ratio of 15.20 and a beta of 0.98. The company’s fifty day moving average is $199.19 and its 200-day moving average is $201.63.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in VAW. Northwestern Mutual Wealth Management Co. boosted its position in Vanguard Materials ETF by 95.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 391,324 shares of the company’s stock valued at $75,394,000 after purchasing an additional 191,430 shares in the last quarter. Empower Advisory Group LLC grew its position in shares of Vanguard Materials ETF by 0.6% in the 3rd quarter. Empower Advisory Group LLC now owns 308,249 shares of the company’s stock worth $65,185,000 after buying an additional 1,939 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Vanguard Materials ETF by 2.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 287,750 shares of the company’s stock worth $55,429,000 after acquiring an additional 8,070 shares in the last quarter. Stifel Financial Corp boosted its stake in Vanguard Materials ETF by 7.5% in the third quarter. Stifel Financial Corp now owns 83,232 shares of the company’s stock valued at $17,601,000 after acquiring an additional 5,802 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Vanguard Materials ETF by 7.9% in the third quarter. JPMorgan Chase & Co. now owns 58,631 shares of the company’s stock worth $12,399,000 after purchasing an additional 4,308 shares during the last quarter.

About Vanguard Materials ETF

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.