Nomura Asset Management Co. Ltd. bought a new stake in Vanguard Materials ETF (NYSEARCA:VAW) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,400 shares of the company’s stock, valued at approximately $839,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC lifted its stake in Vanguard Materials ETF by 103.7% during the third quarter. Valeo Financial Advisors LLC now owns 1,200 shares of the company’s stock worth $140,000 after purchasing an additional 611 shares during the period. SRS Capital Advisors Inc. bought a new position in Vanguard Materials ETF during the third quarter worth about $167,000. Vestpro Financial Partners Inc. dba CPF Texas bought a new position in Vanguard Materials ETF during the second quarter worth about $185,000. Park Avenue Securities LLC lifted its stake in Vanguard Materials ETF by 34.8% during the second quarter. Park Avenue Securities LLC now owns 2,799 shares of the company’s stock worth $367,000 after purchasing an additional 723 shares during the period. Finally, John G Ullman & Associates Inc. bought a new position in Vanguard Materials ETF during the third quarter worth about $393,000.
Shares of VAW opened at $118.42 on Friday. Vanguard Materials ETF has a 12 month low of $112.15 and a 12 month high of $144.65.
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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.
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