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

Narwhal Capital Management lowered its stake in shares of Vanguard Materials ETF (NYSEARCA:VAW) by 19.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,555 shares of the company’s stock after selling 6,005 shares during the quarter. Narwhal Capital Management owned about 0.17% of Vanguard Materials ETF worth $4,730,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Miller Investment Management LP acquired a new stake in shares of Vanguard Materials ETF in the fourth quarter worth $1,795,000. Novak & Powell Financial Services Inc. bought a new stake in Vanguard Materials ETF during the fourth quarter valued at about $639,000. UBS Group AG grew its position in shares of Vanguard Materials ETF by 4.3% in the fourth 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 last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Vanguard Materials ETF by 5.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,917 shares of the company’s stock worth $1,124,000 after purchasing an additional 280 shares during the period. Finally, CWM LLC lifted its position in shares of Vanguard Materials ETF by 35.9% during the 2nd quarter. CWM LLC now owns 231 shares of the company’s stock worth $44,000 after purchasing an additional 61 shares during the last quarter.

Vanguard Materials ETF Stock Down 1.2 %

VAW opened at $195.99 on Friday. The stock’s 50 day moving average price is $198.09 and its two-hundred day moving average price is $198.09. The firm has a market capitalization of $2.90 billion, a P/E ratio of 15.20 and a beta of 0.98. Vanguard Materials ETF has a 12-month low of $162.48 and a 12-month high of $206.61.

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.