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

Institute for Wealth Management LLC. lifted its stake in shares of Vanguard Materials ETF (NYSEARCA:VAW) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,159 shares of the company’s stock after acquiring an additional 77 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Vanguard Materials ETF were worth $593,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Fulton Breakefield Broenniman LLC purchased a new position in Vanguard Materials ETF during the fourth quarter valued at approximately $211,000. Foundations Investment Advisors LLC increased its holdings in Vanguard Materials ETF by 6.2% during the fourth quarter. Foundations Investment Advisors LLC now owns 16,036 shares of the company’s stock valued at $3,012,000 after buying an additional 932 shares during the period. CX Institutional increased its holdings in Vanguard Materials ETF by 20.3% during the fourth quarter. CX Institutional now owns 2,979 shares of the company’s stock valued at $560,000 after buying an additional 503 shares during the period. Proquility Private Wealth Partners LLC increased its holdings in Vanguard Materials ETF by 2.9% during the fourth quarter. Proquility Private Wealth Partners LLC now owns 9,330 shares of the company’s stock valued at $1,753,000 after buying an additional 261 shares during the period. Finally, Farrell Financial LLC increased its holdings in Vanguard Materials ETF by 1.9% during the fourth quarter. Farrell Financial LLC now owns 6,489 shares of the company’s stock valued at $1,219,000 after buying an additional 124 shares during the period.

Vanguard Materials ETF Stock Down 0.8 %

Shares of VAW stock opened at $197.33 on Friday. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 15.20 and a beta of 0.98. The company’s 50 day moving average is $197.34 and its 200 day moving average is $201.99. Vanguard Materials ETF has a 52-week low of $179.00 and a 52-week high of $215.82.

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.