Vanguard Materials ETF (NYSEARCA:VAW) Sees Unusually-High Trading Volume – What’s Next?

Vanguard Materials ETF (NYSEARCA:VAW) saw unusually-strong trading volume on Thursday . Approximately 219,586 shares were traded during trading, an increase of 394% from the previous session’s volume of 44,413 shares.The stock last traded at $189.36 and had previously closed at $189.69.

Vanguard Materials ETF Stock Performance

The business’s fifty day moving average price is $208.16 and its 200-day moving average price is $202.74. The stock has a market cap of $2.79 billion, a PE ratio of 15.20 and a beta of 0.98.

Hedge Funds Weigh In On Vanguard Materials ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in Vanguard Materials ETF during the third quarter valued at approximately $25,000. Darwin Wealth Management LLC purchased a new stake in shares of Vanguard Materials ETF in the 3rd quarter worth $31,000. New Millennium Group LLC purchased a new position in Vanguard Materials ETF during the second quarter valued at $33,000. Rosenberg Matthew Hamilton bought a new stake in Vanguard Materials ETF during the second quarter valued at about $42,000. Finally, CWM LLC raised its stake in shares of Vanguard Materials ETF by 35.9% in the second quarter. CWM LLC now owns 231 shares of the company’s stock worth $44,000 after buying an additional 61 shares during the period.

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.