Phillips Financial Management LLC Cuts Stock Position in Vanguard Materials ETF (NYSEARCA:VAW)

Phillips Financial Management LLC lowered its position in Vanguard Materials ETF (NYSEARCA:VAW) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,721 shares of the company’s stock after selling 274 shares during the period. Phillips Financial Management LLC’s holdings in Vanguard Materials ETF were worth $699,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Wealthfront Advisers LLC grew its position in shares of Vanguard Materials ETF by 17,699.5% in the 4th quarter. Wealthfront Advisers LLC now owns 527,400 shares of the company’s stock worth $99,067,000 after buying an additional 524,437 shares during the last quarter. Empower Advisory Group LLC grew its position in shares of Vanguard Materials ETF by 3.1% in the 4th quarter. Empower Advisory Group LLC now owns 317,900 shares of the company’s stock worth $59,714,000 after buying an additional 9,651 shares during the last quarter. Stifel Financial Corp grew its position in shares of Vanguard Materials ETF by 7.5% in the 3rd quarter. Stifel Financial Corp now owns 83,232 shares of the company’s stock worth $17,601,000 after buying an additional 5,802 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Vanguard Materials ETF in the 4th quarter worth approximately $12,482,000. Finally, JPMorgan Chase & Co. grew its position in Vanguard Materials ETF by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 58,631 shares of the company’s stock worth $12,399,000 after purchasing an additional 4,308 shares during the last quarter.

Vanguard Materials ETF Trading Down 0.2 %

NYSEARCA:VAW opened at $188.05 on Thursday. The company has a market cap of $2.65 billion, a PE ratio of 23.58 and a beta of 1.12. Vanguard Materials ETF has a twelve month low of $185.00 and a twelve month high of $215.82. The company’s 50 day moving average is $194.82 and its two-hundred day moving average is $201.52.

Vanguard Materials ETF 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.