Narwhal Capital Management Sells 6,005 Shares of Vanguard Materials ETF (NYSEARCA:VAW)

Narwhal Capital Management trimmed its holdings in shares of Vanguard Materials ETF (NYSEARCA:VAW) by 19.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,555 shares of the company’s stock after selling 6,005 shares during the quarter. Narwhal Capital Management’s holdings in Vanguard Materials ETF were worth $4,730,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Beacon Capital Management Inc. increased its position in shares of Vanguard Materials ETF by 221.5% during the first quarter. Beacon Capital Management Inc. now owns 844,957 shares of the company’s stock worth $172,185,000 after acquiring an additional 582,123 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Vanguard Materials ETF by 2.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 278,430 shares of the company’s stock worth $52,885,000 after purchasing an additional 5,537 shares in the last quarter. UBS Group AG raised its stake in shares of Vanguard Materials ETF by 4.3% in the 4th quarter. UBS Group AG now owns 126,665 shares of the company’s stock valued at $24,059,000 after purchasing an additional 5,177 shares during the period. Cetera Investment Advisers raised its stake in shares of Vanguard Materials ETF by 979.6% in the 1st quarter. Cetera Investment Advisers now owns 113,292 shares of the company’s stock valued at $23,160,000 after purchasing an additional 102,798 shares during the period. Finally, KCM Investment Advisors LLC boosted its position in shares of Vanguard Materials ETF by 1.4% during the second quarter. KCM Investment Advisors LLC now owns 41,254 shares of the company’s stock worth $7,947,000 after buying an additional 574 shares during the period.

Vanguard Materials ETF Stock Performance

NYSEARCA:VAW opened at $195.99 on Friday. The company has a market cap of $2.90 billion, a PE ratio of 15.20 and a beta of 0.98. The stock has a 50-day simple moving average of $198.09 and a 200 day simple moving average of $198.09. Vanguard Materials ETF has a 52-week low of $162.48 and a 52-week high of $206.61.

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.