Narwhal Capital Management Sells 6,387 Shares of Vanguard Materials ETF (NYSEARCA:VAW)

Narwhal Capital Management decreased its holdings in shares of Vanguard Materials ETF (NYSEARCA:VAW) by 26.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 18,168 shares of the company’s stock after selling 6,387 shares during the period. Narwhal Capital Management’s holdings in Vanguard Materials ETF were worth $3,842,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. EP Wealth Advisors LLC increased its holdings in Vanguard Materials ETF by 2.5% in the second quarter. EP Wealth Advisors LLC now owns 2,218 shares of the company’s stock valued at $427,000 after purchasing an additional 54 shares during the last quarter. TIAA Trust National Association increased its stake in shares of Vanguard Materials ETF by 2.7% in the 1st quarter. TIAA Trust National Association now owns 2,098 shares of the company’s stock valued at $429,000 after acquiring an additional 56 shares during the last quarter. CWM LLC raised its position in shares of Vanguard Materials ETF by 35.9% in the 2nd quarter. CWM LLC now owns 231 shares of the company’s stock valued at $44,000 after acquiring an additional 61 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Vanguard Materials ETF by 0.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,269 shares of the company’s stock worth $1,486,000 after acquiring an additional 67 shares during the last quarter. Finally, Johnson Investment Counsel Inc. grew its holdings in Vanguard Materials ETF by 2.9% during the second quarter. Johnson Investment Counsel Inc. now owns 2,746 shares of the company’s stock valued at $529,000 after purchasing an additional 78 shares during the period.

Vanguard Materials ETF Stock Performance

Shares of NYSEARCA:VAW opened at $211.43 on Wednesday. The company has a 50 day moving average price of $205.72 and a two-hundred day moving average price of $200.47. The company has a market capitalization of $3.13 billion, a PE ratio of 15.20 and a beta of 0.98. Vanguard Materials ETF has a 52 week low of $162.48 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.