Vanguard Materials ETF (NYSEARCA:VAW) Sets New 12-Month High – Should You Buy?

Vanguard Materials ETF (NYSEARCA:VAW)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $236.96 and last traded at $236.6540, with a volume of 33969 shares changing hands. The stock had previously closed at $234.69.

Vanguard Materials ETF Stock Up 1.4%

The business has a 50-day moving average price of $216.93 and a two-hundred day moving average price of $207.14. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 23.02 and a beta of 1.06.

Institutional Investors Weigh In On Vanguard Materials ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Vanguard Materials ETF during the 4th quarter valued at about $25,000. Root Financial Partners LLC bought a new position in shares of Vanguard Materials ETF in the third quarter valued at approximately $30,000. BOK Financial Private Wealth Inc. purchased a new position in shares of Vanguard Materials ETF during the fourth quarter valued at approximately $30,000. Paladin Advisory Group LLC bought a new stake in Vanguard Materials ETF during the third quarter worth $56,000. Finally, CWM LLC raised its position in Vanguard Materials ETF by 58.9% in the 2nd quarter. CWM LLC now owns 294 shares of the company’s stock valued at $57,000 after buying an additional 109 shares during the last quarter.

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. Included within this sector are companies that manufacture chemicals, construction materials, glass, paper, forest products, and related packaging products, as well as metals, minerals, and mining companies, including producers of steel.