Assetmark Inc. Trims Holdings in Vanguard Materials ETF $VAW

Assetmark Inc. reduced its position in shares of Vanguard Materials ETF (NYSEARCA:VAW) by 22.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,932 shares of the company’s stock after selling 5,770 shares during the period. Assetmark Inc. owned 0.15% of Vanguard Materials ETF worth $4,492,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE grew its position in shares of Vanguard Materials ETF by 1.2% in the third quarter. Bank of America Corp DE now owns 1,417,176 shares of the company’s stock valued at $290,323,000 after purchasing an additional 16,394 shares during the period. LPL Financial LLC boosted its holdings in shares of Vanguard Materials ETF by 2.5% in the 4th quarter. LPL Financial LLC now owns 295,587 shares of the company’s stock valued at $61,349,000 after purchasing an additional 7,149 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake 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 valued at $55,528,000 after buying an additional 5,920 shares during the period. Raymond James Financial Inc. grew its stake in shares of Vanguard Materials ETF by 36.1% during the 3rd quarter. Raymond James Financial Inc. now owns 162,221 shares of the company’s stock valued at $33,232,000 after buying an additional 43,024 shares during the period. Finally, Corient Private Wealth LLC grew its stake in shares of Vanguard Materials ETF by 87.1% during the 2nd quarter. Corient Private Wealth LLC now owns 147,026 shares of the company’s stock valued at $28,645,000 after buying an additional 68,427 shares during the period.

Vanguard Materials ETF Stock Up 1.4%

VAW stock opened at $226.02 on Thursday. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 23.02 and a beta of 0.96. The business has a fifty day simple moving average of $229.40 and a 200-day simple moving average of $230.03. Vanguard Materials ETF has a 52 week low of $190.29 and a 52 week high of $245.26.

About Vanguard Materials ETF

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.