Exchange Capital Management Inc. increased its holdings in Vanguard Materials ETF (NYSEARCA:VAW) by 43.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,646 shares of the company’s stock after purchasing an additional 4,105 shares during the quarter. Exchange Capital Management Inc. owned approximately 0.08% of Vanguard Materials ETF worth $1,680,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of VAW. IHT Wealth Management LLC bought a new position in shares of Vanguard Materials ETF during the 4th quarter valued at approximately $381,000. WP Advisors LLC bought a new position in shares of Vanguard Materials ETF during the 1st quarter valued at approximately $48,000. Paradigm Financial Advisors LLC bought a new position in shares of Vanguard Materials ETF during the 4th quarter valued at approximately $697,000. Valmark Advisers Inc. grew its position in shares of Vanguard Materials ETF by 8.0% during the 4th quarter. Valmark Advisers Inc. now owns 204,735 shares of the company’s stock valued at $22,691,000 after acquiring an additional 15,179 shares during the period. Finally, CX Institutional bought a new position in shares of Vanguard Materials ETF during the 4th quarter valued at approximately $6,226,000.
Vanguard Materials ETF stock opened at $120.60 on Friday. Vanguard Materials ETF has a twelve month low of $103.54 and a twelve month high of $138.59.
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.
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