Wells Fargo & Company MN decreased its holdings in shares of Vanguard Materials ETF (NYSEARCA:VAW) by 30.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 71,465 shares of the company’s stock after selling 31,521 shares during the quarter. Wells Fargo & Company MN’s holdings in Vanguard Materials ETF were worth $6,878,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of VAW. Synovus Financial Corp grew its position in shares of Vanguard Materials ETF by 468.1% in the first quarter. Synovus Financial Corp now owns 517 shares of the company’s stock valued at $50,000 after purchasing an additional 426 shares in the last quarter. Evoke Wealth LLC acquired a new position in Vanguard Materials ETF during the first quarter worth $57,000. Larson Financial Group LLC grew its holdings in Vanguard Materials ETF by 100.0% in the 1st quarter. Larson Financial Group LLC now owns 660 shares of the company’s stock valued at $64,000 after buying an additional 330 shares in the last quarter. Carroll Financial Associates Inc. increased its stake in shares of Vanguard Materials ETF by 160.4% in the 1st quarter. Carroll Financial Associates Inc. now owns 789 shares of the company’s stock worth $75,000 after acquiring an additional 486 shares during the last quarter. Finally, Proequities Inc. increased its position in Vanguard Materials ETF by 36.9% during the first quarter. Proequities Inc. now owns 1,509 shares of the company’s stock worth $145,000 after purchasing an additional 407 shares during the last quarter.
Shares of Vanguard Materials ETF stock opened at $118.73 on Wednesday. The stock has a 50 day moving average of $117.79 and a 200 day moving average of $117.70. Vanguard Materials ETF has a fifty-two week low of $81.10 and a fifty-two week high of $135.19.
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.
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