Vanguard Materials ETF (NYSEARCA:VAW) Sees Large Volume Increase – Still a Buy?

Shares of Vanguard Materials ETF (NYSEARCA:VAW) saw an uptick in trading volume on Thursday . 219,586 shares were traded during trading, an increase of 394% from the previous session’s volume of 44,413 shares.The stock last traded at $189.36 and had previously closed at $189.69.

Vanguard Materials ETF Trading Up 1.1 %

The stock has a market capitalization of $2.81 billion, a P/E ratio of 15.20 and a beta of 0.98. The business’s fifty day simple moving average is $207.31 and its two-hundred day simple moving average is $202.56.

Hedge Funds Weigh In On Vanguard Materials ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. &PARTNERS acquired a new stake in shares of Vanguard Materials ETF in the 2nd quarter valued at $298,000. Institute for Wealth Management LLC. increased its holdings in shares of Vanguard Materials ETF by 7.0% during the second quarter. Institute for Wealth Management LLC. now owns 3,087 shares of the company’s stock worth $595,000 after buying an additional 202 shares in the last quarter. New Millennium Group LLC bought a new position in shares of Vanguard Materials ETF in the second quarter valued at approximately $33,000. Rosenberg Matthew Hamilton acquired a new position in shares of Vanguard Materials ETF in the 2nd quarter worth approximately $42,000. Finally, Ameritas Advisory Services LLC grew its position in Vanguard Materials ETF by 11.7% during the 2nd quarter. Ameritas Advisory Services LLC now owns 6,268 shares of the company’s stock worth $1,207,000 after acquiring an additional 655 shares during 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.