The Manufacturers Life Insurance Company Lowers Position in Vanguard Materials ETF $VAW

The Manufacturers Life Insurance Company cut its position in shares of Vanguard Materials ETF (NYSEARCA:VAW) by 9.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 225,065 shares of the company’s stock after selling 23,557 shares during the quarter. The Manufacturers Life Insurance Company owned about 1.73% of Vanguard Materials ETF worth $50,716,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VAW. Thurston Springer Miller Herd & Titak Inc. bought a new position in Vanguard Materials ETF in the fourth quarter worth $25,000. Godfrey Financial Associates Inc. bought a new stake in shares of Vanguard Materials ETF during the 4th quarter valued at $26,000. Parkside Financial Bank & Trust boosted its holdings in shares of Vanguard Materials ETF by 333.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. Howe & Rusling Inc. purchased a new stake in shares of Vanguard Materials ETF in the 1st quarter worth about $30,000. Finally, BOK Financial Private Wealth Inc. purchased a new stake in shares of Vanguard Materials ETF in the 4th quarter worth about $30,000.

Vanguard Materials ETF Price Performance

Shares of Vanguard Materials ETF stock opened at $228.30 on Friday. The company has a 50-day moving average of $229.47 and a 200 day moving average of $230.49. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 23.02 and a beta of 0.96. Vanguard Materials ETF has a 1 year low of $190.29 and a 1 year 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.