Institute for Wealth Management LLC. Invests $666,000 in Vanguard Materials ETF $VAW

Institute for Wealth Management LLC. acquired a new position in shares of Vanguard Materials ETF (NYSEARCA:VAW) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,250 shares of the company’s stock, valued at approximately $666,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. NBT Bank N A NY lifted its stake in Vanguard Materials ETF by 33.7% during the second quarter. NBT Bank N A NY now owns 222 shares of the company’s stock worth $43,000 after purchasing an additional 56 shares in the last quarter. CWM LLC raised its holdings in shares of Vanguard Materials ETF by 58.9% in the 2nd quarter. CWM LLC now owns 294 shares of the company’s stock valued at $57,000 after buying an additional 109 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Vanguard Materials ETF by 33.8% in the 1st quarter. Russell Investments Group Ltd. now owns 388 shares of the company’s stock valued at $73,000 after buying an additional 98 shares during the period. Strategic Wealth Investment Group LLC acquired a new position in Vanguard Materials ETF during the 2nd quarter worth about $82,000. Finally, Allworth Financial LP lifted its stake in Vanguard Materials ETF by 563.8% during the 2nd quarter. Allworth Financial LP now owns 989 shares of the company’s stock worth $193,000 after acquiring an additional 840 shares in the last quarter.

Vanguard Materials ETF Price Performance

Shares of Vanguard Materials ETF stock opened at $209.48 on Tuesday. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 23.02 and a beta of 1.06. The business has a 50-day moving average of $200.91 and a 200 day moving average of $201.61. Vanguard Materials ETF has a 12 month low of $161.43 and a 12 month high of $211.80.

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.