D.A. Davidson & CO. Cuts Position in Vanguard Materials ETF (NYSEARCA:VAW)

D.A. Davidson & CO. cut its stake in Vanguard Materials ETF (NYSEARCA:VAW) by 1.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,616 shares of the company’s stock after selling 130 shares during the period. D.A. Davidson & CO. owned about 0.05% of Vanguard Materials ETF worth $1,431,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position 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 acquiring an additional 4,308 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Vanguard Materials ETF by 9.0% during the third quarter. Janney Montgomery Scott LLC now owns 7,982 shares of the company’s stock valued at $1,688,000 after buying an additional 661 shares during the period. Benjamin Edwards Inc. purchased a new stake in Vanguard Materials ETF during the third quarter valued at about $211,000. Raymond James & Associates boosted its position in Vanguard Materials ETF by 12.7% during the third quarter. Raymond James & Associates now owns 26,557 shares of the company’s stock valued at $5,616,000 after buying an additional 3,001 shares during the period. Finally, Empower Advisory Group LLC boosted its position in Vanguard Materials ETF by 3.1% during the fourth quarter. Empower Advisory Group LLC now owns 317,900 shares of the company’s stock valued at $59,714,000 after buying an additional 9,651 shares during the period.

Vanguard Materials ETF Stock Down 1.9 %

NYSEARCA VAW opened at $195.09 on Friday. The company has a 50-day simple moving average of $194.17 and a two-hundred day simple moving average of $201.84. Vanguard Materials ETF has a 12-month low of $185.00 and a 12-month high of $215.82. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 15.20 and a beta of 0.98.

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.