Richmond Brothers Inc. Sells 1,836 Shares of Vanguard Materials ETF $VAW

Richmond Brothers Inc. trimmed its position in Vanguard Materials ETF (NYSEARCA:VAW) by 9.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,886 shares of the company’s stock after selling 1,836 shares during the quarter. Vanguard Materials ETF comprises about 2.3% of Richmond Brothers Inc.’s investment portfolio, making the stock its 14th biggest position. Richmond Brothers Inc. owned about 0.13% of Vanguard Materials ETF worth $3,485,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Greykasell Wealth Strategies Inc. bought a new stake in Vanguard Materials ETF in the 1st quarter worth approximately $25,000. NBT Bank N A NY raised its stake in Vanguard Materials ETF by 33.7% during the second quarter. NBT Bank N A NY now owns 222 shares of the company’s stock valued at $43,000 after purchasing an additional 56 shares in the last quarter. Wealth Preservation Advisors LLC bought a new stake in shares of Vanguard Materials ETF in the 1st quarter valued at approximately $52,000. Cullen Frost Bankers Inc. purchased a new position in Vanguard Materials ETF during the 1st quarter valued at $55,000. Finally, CWM LLC grew its position in Vanguard Materials ETF by 58.9% in the 2nd quarter. CWM LLC now owns 294 shares of the company’s stock valued at $57,000 after acquiring an additional 109 shares during the last quarter.

Vanguard Materials ETF Price Performance

VAW stock opened at $199.84 on Thursday. Vanguard Materials ETF has a 12 month low of $161.43 and a 12 month high of $213.52. The firm’s 50-day moving average is $202.56 and its 200 day moving average is $198.72. The company has a market capitalization of $2.74 billion, a PE ratio of 23.02 and a beta of 1.06.

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.