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

Vanguard Materials ETF (NYSEARCA:VAW)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $214.40 and last traded at $214.40, with a volume of 16213 shares. The stock had previously closed at $212.39.

Vanguard Materials ETF Stock Performance

The stock has a market cap of $3.17 billion, a P/E ratio of 15.20 and a beta of 0.98. The stock’s fifty day simple moving average is $203.69 and its 200-day simple moving average is $200.11.

Hedge Funds Weigh In On Vanguard Materials ETF

Institutional investors have recently added to or reduced their stakes in the stock. New Millennium Group LLC acquired a new stake in Vanguard Materials ETF during the 2nd quarter worth about $33,000. Rosenberg Matthew Hamilton bought a new stake in Vanguard Materials ETF in the second quarter worth approximately $42,000. CWM LLC lifted its stake in Vanguard Materials ETF by 35.9% in the second quarter. CWM LLC now owns 231 shares of the company’s stock valued at $44,000 after buying an additional 61 shares during the period. Woodmont Investment Counsel LLC bought a new position in shares of Vanguard Materials ETF during the 1st quarter worth approximately $51,000. Finally, Cape Investment Advisory Inc. grew its position in shares of Vanguard Materials ETF by 255.6% during the 1st quarter. Cape Investment Advisory Inc. now owns 672 shares of the company’s stock worth $137,000 after buying an additional 483 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.