Modern Wealth Management LLC Reduces Holdings in Vanguard Materials ETF (NYSEARCA:VAW)

Modern Wealth Management LLC lessened its position in shares of Vanguard Materials ETF (NYSEARCA:VAW) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,279 shares of the company’s stock after selling 86 shares during the quarter. Modern Wealth Management LLC’s holdings in Vanguard Materials ETF were worth $253,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in VAW. Rockefeller Capital Management L.P. raised its position in shares of Vanguard Materials ETF by 19.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 39,675 shares of the company’s stock worth $8,389,000 after acquiring an additional 6,350 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in Vanguard Materials ETF in the third quarter valued at approximately $211,000. Hilltop Holdings Inc. acquired a new stake in Vanguard Materials ETF during the third quarter worth approximately $420,000. IHT Wealth Management LLC lifted its position in shares of Vanguard Materials ETF by 5.7% during the 3rd quarter. IHT Wealth Management LLC now owns 5,688 shares of the company’s stock worth $1,204,000 after buying an additional 309 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its position in shares of Vanguard Materials ETF by 11.4% during the 3rd quarter. Quantinno Capital Management LP now owns 3,295 shares of the company’s stock worth $697,000 after buying an additional 336 shares during the last quarter.

Vanguard Materials ETF Price Performance

NYSEARCA VAW opened at $187.10 on Friday. The firm’s fifty day moving average price is $195.11 and its 200 day moving average price is $200.59. Vanguard Materials ETF has a 12 month low of $185.00 and a 12 month high of $215.82. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 22.64 and a beta of 1.12.

Vanguard Materials ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were issued a dividend of $0.8309 per share. This is a positive change from Vanguard Materials ETF’s previous dividend of $0.82. The ex-dividend date of this dividend was Tuesday, March 25th.

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.