Royal Bank of Canada Decreases Holdings in Vanguard Materials ETF $VAW

Royal Bank of Canada trimmed its holdings in Vanguard Materials ETF (NYSEARCA:VAW) by 18.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 19,898 shares of the company’s stock after selling 4,539 shares during the quarter. Royal Bank of Canada owned 0.15% of Vanguard Materials ETF worth $4,484,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Ameritas Advisory Services LLC grew its stake in shares of Vanguard Materials ETF by 7,904.5% during the fourth quarter. Ameritas Advisory Services LLC now owns 106,700 shares of the company’s stock valued at $22,146,000 after buying an additional 105,367 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in 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 acquiring an additional 68,427 shares during the period. Raymond James Financial Inc. boosted its holdings in 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 acquiring an additional 43,024 shares during the period. M Holdings Securities Inc. bought a new position in Vanguard Materials ETF during the 4th quarter worth approximately $5,363,000. Finally, Lido Advisors LLC increased its stake in Vanguard Materials ETF by 53.4% in the 3rd quarter. Lido Advisors LLC now owns 70,760 shares of the company’s stock worth $14,496,000 after purchasing an additional 24,642 shares during the period.

Vanguard Materials ETF Price Performance

Shares of Vanguard Materials ETF stock opened at $233.87 on Friday. Vanguard Materials ETF has a one year low of $190.29 and a one year high of $245.26. The business’s 50 day simple moving average is $229.68 and its two-hundred day simple moving average is $230.97. The stock has a market capitalization of $3.09 billion, a P/E ratio of 23.02 and a beta of 0.97.

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. 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.