Charles Schwab Investment Management Inc. Trims Stake in Vanguard Materials ETF (NYSEARCA:VAW)

Charles Schwab Investment Management Inc. decreased its holdings in shares of Vanguard Materials ETF (NYSEARCA:VAW) by 8.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 3,219 shares of the company’s stock after selling 285 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Vanguard Materials ETF were worth $681,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Vanguard Materials ETF in the 3rd quarter worth $25,000. Darwin Wealth Management LLC bought a new stake in Vanguard Materials ETF during the 3rd quarter valued at $31,000. New Millennium Group LLC bought a new position in shares of Vanguard Materials ETF in the 2nd quarter worth $33,000. Rosenberg Matthew Hamilton purchased a new stake in shares of Vanguard Materials ETF during the 2nd quarter worth $42,000. Finally, CWM LLC boosted its holdings in shares of Vanguard Materials ETF by 35.9% in the 2nd quarter. CWM LLC now owns 231 shares of the company’s stock valued at $44,000 after buying an additional 61 shares in the last quarter.

Vanguard Materials ETF Trading Down 3.6 %

Shares of VAW stock opened at $189.69 on Thursday. The business’s fifty day simple moving average is $208.16 and its 200-day simple moving average is $202.74. Vanguard Materials ETF has a 12-month low of $179.00 and a 12-month high of $215.82. The company has a market cap of $2.81 billion, a PE ratio of 15.20 and a beta of 0.98.

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.