Bryn Mawr Capital Management LLC Decreases Position in Vanguard Materials ETF (NYSEARCA:VAW)

Bryn Mawr Capital Management LLC trimmed its holdings in Vanguard Materials ETF (NYSEARCA:VAW) by 15.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,643 shares of the company’s stock after selling 297 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Vanguard Materials ETF were worth $309,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Vanguard Materials ETF by 7.9% in the third quarter. JPMorgan Chase & Co. now owns 58,631 shares of the company’s stock worth $12,399,000 after buying an additional 4,308 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Vanguard Materials ETF by 9.0% in the third quarter. Janney Montgomery Scott LLC now owns 7,982 shares of the company’s stock worth $1,688,000 after buying an additional 661 shares during the period. Benjamin Edwards Inc. purchased a new stake in shares of Vanguard Materials ETF in the third quarter worth approximately $211,000. Raymond James & Associates raised its holdings in shares of Vanguard Materials ETF by 12.7% in the third quarter. Raymond James & Associates now owns 26,557 shares of the company’s stock worth $5,616,000 after buying an additional 3,001 shares during the period. Finally, Empower Advisory Group LLC raised its holdings in shares of Vanguard Materials ETF by 3.1% in the fourth 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 period.

Vanguard Materials ETF Stock Performance

Shares of NYSEARCA VAW opened at $195.09 on Friday. The business’s 50 day moving average price is $194.27 and its 200-day moving average price is $201.82. Vanguard Materials ETF has a fifty-two week low of $185.00 and a fifty-two week high of $215.82. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 15.20 and a beta of 0.98.

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.