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

Vanguard Materials ETF (NYSEARCA:VAW) saw unusually-high trading volume on Wednesday . Approximately 136,328 shares were traded during trading, an increase of 104% from the previous session’s volume of 66,868 shares.The stock last traded at $193.01 and had previously closed at $191.88.

Vanguard Materials ETF Stock Up 1.2 %

The stock has a market capitalization of $2.88 billion, a P/E ratio of 15.20 and a beta of 0.98. The company has a fifty day moving average price of $199.90 and a 200-day moving average price of $201.73.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its position in Vanguard Materials ETF by 95.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 391,324 shares of the company’s stock valued at $75,394,000 after purchasing an additional 191,430 shares during the period. Empower Advisory Group LLC raised its holdings in Vanguard Materials ETF by 0.6% during the 3rd quarter. Empower Advisory Group LLC now owns 308,249 shares of the company’s stock valued at $65,185,000 after buying an additional 1,939 shares during the period. The Manufacturers Life Insurance Company lifted its position in Vanguard Materials ETF by 2.9% in the second quarter. The Manufacturers Life Insurance Company now owns 287,750 shares of the company’s stock worth $55,429,000 after buying an additional 8,070 shares during the last quarter. Stifel Financial Corp boosted its stake in Vanguard Materials ETF by 7.5% during the third quarter. Stifel Financial Corp now owns 83,232 shares of the company’s stock worth $17,601,000 after buying an additional 5,802 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Vanguard Materials ETF by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 58,631 shares of the company’s stock valued at $12,399,000 after acquiring an additional 4,308 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.