Vanguard Materials ETF (NYSEARCA:VAW) Sets New 52-Week High – Time to Buy?

Vanguard Materials ETF (NYSEARCA:VAW) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $210.39 and last traded at $209.5280, with a volume of 1966 shares. The stock had previously closed at $207.31.

Vanguard Materials ETF Price Performance

The company’s fifty day moving average price is $200.44 and its 200 day moving average price is $201.26. The company has a market cap of $2.89 billion, a PE ratio of 23.02 and a beta of 1.06.

Hedge Funds Weigh In On Vanguard Materials ETF

A number of hedge funds and other institutional investors have recently modified their holdings of VAW. Root Financial Partners LLC purchased a new stake in shares of Vanguard Materials ETF during the third quarter valued at approximately $30,000. NBT Bank N A NY grew its stake in Vanguard Materials ETF by 33.7% in the 2nd quarter. NBT Bank N A NY now owns 222 shares of the company’s stock valued at $43,000 after purchasing an additional 56 shares during the period. Wealth Preservation Advisors LLC bought a new position in Vanguard Materials ETF in the 1st quarter valued at $52,000. Paladin Advisory Group LLC purchased a new stake in shares of Vanguard Materials ETF during the 3rd quarter valued at $56,000. Finally, CWM LLC raised its stake in shares of Vanguard Materials ETF by 58.9% during the 2nd quarter. CWM LLC now owns 294 shares of the company’s stock worth $57,000 after purchasing an additional 109 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. Included within this sector are companies that manufacture chemicals, construction materials, glass, paper, forest products, and related packaging products, as well as metals, minerals, and mining companies, including producers of steel.