Freedom Investment Management Inc. Sells 1,767 Shares of Vanguard Materials ETF $VAW

Freedom Investment Management Inc. cut its stake in shares of Vanguard Materials ETF (NYSEARCA:VAW) by 49.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,796 shares of the company’s stock after selling 1,767 shares during the period. Freedom Investment Management Inc.’s holdings in Vanguard Materials ETF were worth $339,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of VAW. Renaissance Technologies LLC increased its position in shares of Vanguard Materials ETF by 35.7% during the fourth quarter. Renaissance Technologies LLC now owns 3,800 shares of the company’s stock valued at $714,000 after buying an additional 1,000 shares during the period. Integrated Wealth Concepts LLC increased its position in shares of Vanguard Materials ETF by 5.2% during the fourth quarter. Integrated Wealth Concepts LLC now owns 1,628 shares of the company’s stock valued at $306,000 after buying an additional 81 shares during the period. Two Sigma Securities LLC bought a new stake in shares of Vanguard Materials ETF during the fourth quarter valued at about $218,000. The Manufacturers Life Insurance Company increased its position in shares of Vanguard Materials ETF by 7.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 285,984 shares of the company’s stock valued at $53,719,000 after buying an additional 20,357 shares during the period. Finally, Northern Trust Corp increased its position in shares of Vanguard Materials ETF by 4.7% in the fourth quarter. Northern Trust Corp now owns 4,438 shares of the company’s stock worth $834,000 after purchasing an additional 198 shares during the last quarter.

Vanguard Materials ETF Trading Up 0.2%

VAW stock opened at $208.14 on Thursday. The company’s 50 day moving average is $200.26 and its 200 day moving average is $192.81. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 23.02 and a beta of 1.11. Vanguard Materials ETF has a 1-year low of $161.43 and a 1-year high of $215.82.

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.