Vanguard Materials ETF (NYSEARCA:VAW) Stock Breaks Below 200 Day Moving Average – Should You Sell?

Vanguard Materials ETF (NYSEARCA:VAW) shares passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $230.12 and traded as low as $228.80. Vanguard Materials ETF shares last traded at $228.84, with a volume of 52,186 shares changing hands.

Vanguard Materials ETF Trading Down 1.7%

The stock has a market capitalization of $2.96 billion, a PE ratio of 21.99 and a beta of 0.96. The company’s 50-day moving average is $226.08 and its 200 day moving average is $230.12.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VAW. Ingalls & Snyder LLC purchased a new position in shares of Vanguard Materials ETF in the third quarter worth about $322,000. Benjamin Edwards Inc. purchased a new stake in Vanguard Materials ETF in the third quarter valued at approximately $222,000. Cornerstone Select Advisors LLC boosted its position in Vanguard Materials ETF by 8.9% in the third quarter. Cornerstone Select Advisors LLC now owns 1,017 shares of the company’s stock valued at $222,000 after buying an additional 83 shares during the last quarter. GW&K Investment Management LLC purchased a new stake in Vanguard Materials ETF in the third quarter valued at approximately $243,000. Finally, Sharper & Granite LLC boosted its position in Vanguard Materials ETF by 8.9% in the third quarter. Sharper & Granite LLC now owns 11,231 shares of the company’s stock valued at $2,450,000 after buying an additional 914 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. 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.