Independent Advisor Alliance Invests $1.60 Million in Vanguard Materials ETF (NYSEARCA:VAW)

Independent Advisor Alliance purchased a new stake in Vanguard Materials ETF (NYSEARCA:VAW) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 8,517 shares of the company’s stock, valued at approximately $1,600,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VAW. Raymond James Financial Inc. acquired a new position in shares of Vanguard Materials ETF during the 4th quarter worth approximately $12,482,000. Proficio Capital Partners LLC acquired a new stake in Vanguard Materials ETF during the fourth quarter worth approximately $7,374,000. Mason Investment Advisory Services Inc. increased its stake in Vanguard Materials ETF by 2.7% during the 4th quarter. Mason Investment Advisory Services Inc. now owns 2,803 shares of the company’s stock worth $526,000 after acquiring an additional 75 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of Vanguard Materials ETF by 5.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,712 shares of the company’s stock valued at $1,261,000 after acquiring an additional 329 shares during the period. Finally, Sage Rhino Capital LLC grew its holdings in shares of Vanguard Materials ETF by 1.5% during the 4th quarter. Sage Rhino Capital LLC now owns 11,287 shares of the company’s stock worth $2,120,000 after purchasing an additional 170 shares in the last quarter.

Vanguard Materials ETF Stock Up 1.6 %

Shares of Vanguard Materials ETF stock opened at $190.35 on Friday. Vanguard Materials ETF has a 12-month low of $185.00 and a 12-month high of $215.82. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 22.64 and a beta of 1.12. The firm’s 50-day moving average price is $194.93 and its two-hundred day moving average price is $201.33.

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.