M Holdings Securities Inc. Invests $5.36 Million in Vanguard Materials ETF $VAW

M Holdings Securities Inc. purchased a new position in Vanguard Materials ETF (NYSEARCA:VAW) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 25,838 shares of the company’s stock, valued at approximately $5,363,000.

Several other hedge funds have also recently modified their holdings of the business. Bank of America Corp DE lifted its position in shares of Vanguard Materials ETF by 1.2% in the 3rd quarter. Bank of America Corp DE now owns 1,417,176 shares of the company’s stock worth $290,323,000 after purchasing an additional 16,394 shares during the period. LPL Financial LLC lifted its position in Vanguard Materials ETF by 2.5% during the fourth quarter. LPL Financial LLC now owns 295,587 shares of the company’s stock valued at $61,349,000 after acquiring an additional 7,149 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Vanguard Materials ETF by 2.1% during the second quarter. The Manufacturers Life Insurance Company now owns 285,005 shares of the company’s stock valued at $55,528,000 after acquiring an additional 5,920 shares during the last quarter. Strategic Investment Advisors MI purchased a new stake in Vanguard Materials ETF during the third quarter valued at approximately $36,562,000. Finally, Raymond James Financial Inc. lifted its position in Vanguard Materials ETF by 36.1% during the third quarter. Raymond James Financial Inc. now owns 162,221 shares of the company’s stock valued at $33,232,000 after acquiring an additional 43,024 shares during the last quarter.

Vanguard Materials ETF Stock Down 2.5%

NYSEARCA:VAW opened at $223.22 on Thursday. Vanguard Materials ETF has a 52 week low of $190.01 and a 52 week high of $245.26. The firm has a 50 day moving average of $231.62 and a 200 day moving average of $224.79. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 23.02 and a beta of 0.96.

About Vanguard Materials ETF

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. Included within this sector are companies that manufacture chemicals, construction materials, glass, paper, forest products, and related packaging products, as well as metals, minerals, and mining companies, including producers of steel.