Narwhal Capital Management Sells 5,195 Shares of Vanguard Materials ETF (NYSEARCA:VAW)

Narwhal Capital Management lessened its holdings in Vanguard Materials ETF (NYSEARCA:VAW) by 28.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,803 shares of the company’s stock after selling 5,195 shares during the period. Narwhal Capital Management owned approximately 0.10% of Vanguard Materials ETF worth $2,417,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global Wealth Strategies & Associates acquired a new stake in shares of Vanguard Materials ETF during the 1st quarter worth about $38,000. Fourth Dimension Wealth LLC bought a new stake in Vanguard Materials ETF during the fourth quarter worth about $38,000. Parkside Financial Bank & Trust increased its holdings in shares of Vanguard Materials ETF by 4,133.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 254 shares of the company’s stock worth $48,000 after buying an additional 248 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Vanguard Materials ETF by 110.1% in the fourth quarter. Russell Investments Group Ltd. now owns 290 shares of the company’s stock valued at $54,000 after acquiring an additional 152 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Vanguard Materials ETF in the 4th quarter worth approximately $71,000.

Vanguard Materials ETF Price Performance

NYSEARCA VAW opened at $193.30 on Tuesday. The stock’s 50 day simple moving average is $188.56 and its 200 day simple moving average is $190.59. Vanguard Materials ETF has a one year low of $161.43 and a one year high of $215.82. The firm has a market cap of $2.69 billion, a PE ratio of 23.02 and a beta of 1.06.

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.