Richmond Brothers Inc. Trims Holdings in Vanguard Materials ETF (NYSEARCA:VAW)

Richmond Brothers Inc. trimmed its position in Vanguard Materials ETF (NYSEARCA:VAW) by 43.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,515 shares of the company’s stock after selling 14,194 shares during the quarter. Vanguard Materials ETF comprises approximately 2.2% of Richmond Brothers Inc.’s holdings, making the stock its 18th biggest position. Richmond Brothers Inc.’s holdings in Vanguard Materials ETF were worth $3,478,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in Vanguard Materials ETF by 7.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 58,631 shares of the company’s stock worth $12,399,000 after acquiring an additional 4,308 shares in the last quarter. Empower Advisory Group LLC boosted its stake in 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 purchasing an additional 9,651 shares during the period. Truist Financial Corp boosted its stake in Vanguard Materials ETF by 9.1% in the 4th quarter. Truist Financial Corp now owns 8,136 shares of the company’s stock worth $1,528,000 after purchasing an additional 679 shares during the period. Benjamin Edwards Inc. bought a new position in Vanguard Materials ETF in the 3rd quarter worth approximately $211,000. Finally, Thrivent Financial for Lutherans boosted its stake in Vanguard Materials ETF by 2.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 18,567 shares of the company’s stock worth $3,926,000 after purchasing an additional 513 shares during the period.

Vanguard Materials ETF Price Performance

VAW stock opened at $192.03 on Wednesday. Vanguard Materials ETF has a 1-year low of $185.00 and a 1-year high of $215.82. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 22.64 and a beta of 1.12. The business has a 50 day simple moving average of $195.14 and a two-hundred day simple moving average of $201.11.

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.