The Manufacturers Life Insurance Company Reduces Stake in Vanguard Materials ETF (NYSEARCA:VAW)

The Manufacturers Life Insurance Company reduced its stake in Vanguard Materials ETF (NYSEARCA:VAW) by 7.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 265,627 shares of the company’s stock after selling 22,123 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Vanguard Materials ETF were worth $56,172,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of VAW. Atria Investments Inc grew its holdings in shares of Vanguard Materials ETF by 101.9% during the 1st quarter. Atria Investments Inc now owns 19,371 shares of the company’s stock worth $3,960,000 after purchasing an additional 9,776 shares during the period. Cetera Investment Advisers grew its holdings in shares of Vanguard Materials ETF by 979.6% during the 1st quarter. Cetera Investment Advisers now owns 113,292 shares of the company’s stock worth $23,160,000 after purchasing an additional 102,798 shares during the period. Cetera Advisors LLC grew its holdings in shares of Vanguard Materials ETF by 601.9% during the 1st quarter. Cetera Advisors LLC now owns 38,308 shares of the company’s stock worth $7,831,000 after purchasing an additional 32,850 shares during the period. Cape Investment Advisory Inc. grew its holdings in shares of Vanguard Materials ETF by 255.6% during the 1st quarter. Cape Investment Advisory Inc. now owns 672 shares of the company’s stock worth $137,000 after purchasing an additional 483 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its stake in Vanguard Materials ETF by 1.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 9,643 shares of the company’s stock worth $1,858,000 after acquiring an additional 123 shares in the last quarter.

Vanguard Materials ETF Trading Down 0.1 %

VAW opened at $211.29 on Friday. The stock’s 50-day moving average price is $209.64 and its 200 day moving average price is $202.47. Vanguard Materials ETF has a 12-month low of $177.26 and a 12-month high of $215.82. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 15.20 and a beta of 0.98.

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.