Elm Partners Management LLC Makes New $281,000 Investment in Vanguard Materials ETF $VAW

Elm Partners Management LLC bought a new position in shares of Vanguard Materials ETF (NYSEARCA:VAW) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,444 shares of the company’s stock, valued at approximately $281,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Empower Advisory Group LLC boosted its position in Vanguard Materials ETF by 7.2% during the first quarter. Empower Advisory Group LLC now owns 340,823 shares of the company’s stock worth $64,351,000 after purchasing an additional 22,923 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Vanguard Materials ETF by 2.9% in the first quarter. Envestnet Asset Management Inc. now owns 295,847 shares of the company’s stock valued at $55,859,000 after acquiring an additional 8,223 shares during the period. LPL Financial LLC boosted its position in shares of Vanguard Materials ETF by 7.7% in the first quarter. LPL Financial LLC now owns 175,750 shares of the company’s stock valued at $33,183,000 after acquiring an additional 12,609 shares during the period. PGIM Custom Harvest LLC boosted its position in shares of Vanguard Materials ETF by 14.8% in the first quarter. PGIM Custom Harvest LLC now owns 151,632 shares of the company’s stock valued at $28,630,000 after acquiring an additional 19,580 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of Vanguard Materials ETF by 53.5% in the first quarter. Raymond James Financial Inc. now owns 101,987 shares of the company’s stock valued at $19,256,000 after acquiring an additional 35,535 shares during the period.

Vanguard Materials ETF Trading Down 0.6%

VAW stock opened at $195.14 on Friday. The firm has a 50 day moving average of $204.55 and a 200-day moving average of $197.84. Vanguard Materials ETF has a 12 month low of $161.43 and a 12 month high of $213.52. The firm has a market capitalization of $2.67 billion, a P/E ratio of 23.02 and a beta of 1.06.

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.