Novak & Powell Financial Services Inc. Has $586,000 Stake in Vanguard Materials ETF (NYSEARCA:VAW)

Novak & Powell Financial Services Inc. reduced its holdings in Vanguard Materials ETF (NYSEARCA:VAW) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,118 shares of the company’s stock after selling 288 shares during the quarter. Novak & Powell Financial Services Inc.’s holdings in Vanguard Materials ETF were worth $586,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Bank of America Corp DE boosted its position in Vanguard Materials ETF by 3.1% during the 4th quarter. Bank of America Corp DE now owns 1,469,958 shares of the company’s stock worth $276,117,000 after acquiring an additional 43,704 shares during the last quarter. Wealthfront Advisers LLC raised its holdings in Vanguard Materials ETF by 17,699.5% during the fourth quarter. Wealthfront Advisers LLC now owns 527,400 shares of the company’s stock worth $99,067,000 after acquiring an additional 524,437 shares in the last quarter. Empower Advisory Group LLC boosted its position in Vanguard Materials ETF by 3.1% during the fourth quarter. Empower Advisory Group LLC now owns 317,900 shares of the company’s stock valued at $59,714,000 after purchasing an additional 9,651 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Vanguard Materials ETF by 7.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 285,984 shares of the company’s stock valued at $53,719,000 after purchasing an additional 20,357 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Vanguard Materials ETF by 7.9% during the 4th quarter. Wells Fargo & Company MN now owns 270,176 shares of the company’s stock worth $50,750,000 after purchasing an additional 19,796 shares in the last quarter.

Vanguard Materials ETF Price Performance

Shares of VAW stock opened at $192.30 on Wednesday. The company has a fifty day moving average price of $184.30 and a two-hundred day moving average price of $193.50. Vanguard Materials ETF has a one year low of $161.43 and a one year high of $215.82. The stock has a market cap of $2.51 billion, a P/E ratio of 23.70 and a beta of 1.08.

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.