Richmond Brothers Inc. Decreases Stock Holdings in Vanguard Materials ETF (NYSEARCA:VAW)

Richmond Brothers Inc. decreased its holdings in Vanguard Materials ETF (NYSEARCA:VAW) by 43.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,515 shares of the company’s stock after selling 14,194 shares during the quarter. Vanguard Materials ETF accounts for approximately 2.2% of Richmond Brothers Inc.’s holdings, making the stock its 18th biggest position. Richmond Brothers Inc. owned approximately 0.13% of Vanguard Materials ETF worth $3,478,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Laidlaw Wealth Management LLC increased its position in shares of Vanguard Materials ETF by 2.8% during the 4th quarter. Laidlaw Wealth Management LLC now owns 1,866 shares of the company’s stock valued at $351,000 after purchasing an additional 51 shares during the last quarter. First Financial Corp IN increased its position in shares of Vanguard Materials ETF by 2.1% during the 4th quarter. First Financial Corp IN now owns 2,710 shares of the company’s stock valued at $509,000 after purchasing an additional 56 shares during the last quarter. GPS Wealth Strategies Group LLC increased its position in shares of Vanguard Materials ETF by 50.7% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 208 shares of the company’s stock valued at $39,000 after purchasing an additional 70 shares during the last quarter. Mason Investment Advisory Services Inc. increased its position in shares of Vanguard Materials ETF by 2.7% during the 4th quarter. Mason Investment Advisory Services Inc. now owns 2,803 shares of the company’s stock valued at $526,000 after purchasing an additional 75 shares during the last quarter. Finally, Institute for Wealth Management LLC. increased its position in shares of Vanguard Materials ETF by 2.5% during the 4th quarter. Institute for Wealth Management LLC. now owns 3,159 shares of the company’s stock valued at $593,000 after purchasing an additional 77 shares during the last quarter.

Vanguard Materials ETF Stock Down 0.1 %

NYSEARCA VAW opened at $192.03 on Wednesday. Vanguard Materials ETF has a 52 week low of $185.00 and a 52 week high of $215.82. The firm has a market capitalization of $2.69 billion, a P/E ratio of 22.64 and a beta of 1.12. The company has a 50-day moving average price of $195.14 and a 200-day moving average price of $201.11.

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.