Woodmont Investment Counsel LLC Makes New $51,000 Investment in Vanguard Materials ETF (NYSEARCA:VAW)

Woodmont Investment Counsel LLC acquired a new position in Vanguard Materials ETF (NYSEARCA:VAW) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 250 shares of the company’s stock, valued at approximately $51,000.

A number of other institutional investors have also added to or reduced their stakes in VAW. Beacon Capital Management Inc. raised its holdings in Vanguard Materials ETF by 221.5% in the first quarter. Beacon Capital Management Inc. now owns 844,957 shares of the company’s stock worth $172,185,000 after purchasing an additional 582,123 shares in the last quarter. Narwhal Capital Management raised its holdings in Vanguard Materials ETF by 276.5% in the fourth quarter. Narwhal Capital Management now owns 29,154 shares of the company’s stock worth $5,538,000 after purchasing an additional 21,410 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Vanguard Materials ETF in the fourth quarter worth $2,158,000. Miller Investment Management LP purchased a new stake in shares of Vanguard Materials ETF in the fourth quarter worth $1,795,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Vanguard Materials ETF by 2.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 278,430 shares of the company’s stock worth $52,885,000 after acquiring an additional 5,537 shares during the last quarter.

Vanguard Materials ETF Price Performance

Shares of Vanguard Materials ETF stock traded down $0.36 during trading on Tuesday, hitting $189.53. 72,793 shares of the company’s stock traded hands, compared to its average volume of 56,025. Vanguard Materials ETF has a 1 year low of $162.48 and a 1 year high of $205.99. The stock has a market capitalization of $2.81 billion, a P/E ratio of 15.20 and a beta of 0.98. The business has a 50-day simple moving average of $198.06 and a 200-day simple moving average of $193.92.

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.