Beacon Capital Management Inc. Acquires 432,957 Shares of Vanguard Materials ETF $VAW

Beacon Capital Management Inc. grew its holdings in Vanguard Materials ETF (NYSEARCA:VAW) by 1,541.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 461,049 shares of the company’s stock after purchasing an additional 432,957 shares during the quarter. Vanguard Materials ETF comprises about 4.6% of Beacon Capital Management Inc.’s portfolio, making the stock its 12th biggest position. Beacon Capital Management Inc.’s holdings in Vanguard Materials ETF were worth $89,826,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in VAW. Empower Advisory Group LLC increased its holdings in Vanguard Materials ETF by 2.3% in the second quarter. Empower Advisory Group LLC now owns 348,715 shares of the company’s stock worth $67,940,000 after purchasing an additional 7,892 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Vanguard Materials ETF by 2.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 285,005 shares of the company’s stock worth $55,528,000 after buying an additional 5,920 shares during the period. PGIM Custom Harvest LLC grew its position in shares of Vanguard Materials ETF by 14.8% during the 1st quarter. PGIM Custom Harvest LLC now owns 151,632 shares of the company’s stock worth $28,630,000 after buying an additional 19,580 shares during the period. Corient Private Wealth LLC increased its stake in shares of Vanguard Materials ETF by 87.1% in the 2nd quarter. Corient Private Wealth LLC now owns 147,026 shares of the company’s stock valued at $28,645,000 after acquiring an additional 68,427 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of Vanguard Materials ETF by 16.9% during the 2nd quarter. Raymond James Financial Inc. now owns 119,197 shares of the company’s stock valued at $23,223,000 after acquiring an additional 17,210 shares during the period.

Vanguard Materials ETF Trading Down 0.1%

NYSEARCA:VAW opened at $207.07 on Monday. Vanguard Materials ETF has a 12 month low of $161.43 and a 12 month high of $210.34. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 23.02 and a beta of 1.06. The firm has a fifty day simple moving average of $199.73 and a two-hundred day simple moving average of $200.45.

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.