Golden State Wealth Management LLC Purchases New Stake in Vanguard Materials ETF (NYSEARCA:VAW)

Golden State Wealth Management LLC acquired a new position in shares of Vanguard Materials ETF (NYSEARCA:VAW) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 2,811 shares of the company’s stock, valued at approximately $528,000.

Several other hedge funds also recently added to or reduced their stakes in VAW. Renaissance Technologies LLC lifted its position in shares of Vanguard Materials ETF by 31.3% during the second quarter. Renaissance Technologies LLC now owns 2,100 shares of the company’s stock worth $405,000 after purchasing an additional 500 shares during the last quarter. Concourse Financial Group Securities Inc. raised its stake in Vanguard Materials ETF by 7.7% during the third quarter. Concourse Financial Group Securities Inc. now owns 3,214 shares of the company’s stock valued at $682,000 after buying an additional 231 shares in the last quarter. Koshinski Asset Management Inc. acquired a new stake in Vanguard Materials ETF during the third quarter valued at approximately $299,000. CX Institutional bought a new position in Vanguard Materials ETF during the 3rd quarter worth approximately $524,000. Finally, Raymond James & Associates grew its position in shares of Vanguard Materials ETF by 12.7% in the 3rd quarter. Raymond James & Associates now owns 26,557 shares of the company’s stock worth $5,616,000 after acquiring an additional 3,001 shares in the last quarter.

Vanguard Materials ETF Trading Down 1.3 %

VAW stock opened at $196.57 on Friday. The stock’s 50 day simple moving average is $195.96 and its 200 day simple moving average is $201.91. Vanguard Materials ETF has a 12-month low of $181.04 and a 12-month high of $215.82. The firm has a market cap of $2.91 billion, a P/E ratio of 15.20 and a beta of 0.98.

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.