Cetera Investment Advisers Sells 32,407 Shares of Vanguard Materials ETF $VAW

Cetera Investment Advisers trimmed its stake in shares of Vanguard Materials ETF (NYSEARCA:VAW) by 26.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,211 shares of the company’s stock after selling 32,407 shares during the period. Cetera Investment Advisers owned approximately 0.69% of Vanguard Materials ETF worth $20,103,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Hanover Advisors Inc. purchased a new position in shares of Vanguard Materials ETF in the 1st quarter worth $226,000. Simon Quick Advisors LLC increased its position in shares of Vanguard Materials ETF by 1.0% during the 1st quarter. Simon Quick Advisors LLC now owns 10,458 shares of the company’s stock valued at $2,357,000 after purchasing an additional 108 shares during the last quarter. Independent Financial Group LLC bought a new position in shares of Vanguard Materials ETF in the 1st quarter worth approximately $707,000. Wealthfront Advisers LLC lifted its stake in shares of Vanguard Materials ETF by 6.2% in the 1st quarter. Wealthfront Advisers LLC now owns 3,544 shares of the company’s stock worth $799,000 after purchasing an additional 208 shares during the period. Finally, Sanctuary Advisors LLC boosted its holdings in shares of Vanguard Materials ETF by 4.1% in the first quarter. Sanctuary Advisors LLC now owns 2,296 shares of the company’s stock worth $517,000 after buying an additional 90 shares during the last quarter.

Vanguard Materials ETF Trading Up 0.3%

VAW opened at $227.39 on Tuesday. The company’s 50 day moving average is $229.21 and its 200 day moving average is $230.27. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 23.02 and a beta of 0.96. Vanguard Materials ETF has a 12-month low of $190.29 and a 12-month high of $245.26.

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.