Vanguard Materials ETF (NYSEARCA:VAW) Sets New 52-Week Low – Here’s Why

Vanguard Materials ETF (NYSEARCA:VAW)’s stock price reached a new 52-week low on Monday . The stock traded as low as $184.43 and last traded at $188.81, with a volume of 81926 shares trading hands. The stock had previously closed at $187.10.

Vanguard Materials ETF Stock Performance

The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 23.53 and a beta of 1.12. The firm’s fifty day simple moving average is $194.75 and its 200 day simple moving average is $200.45.

Vanguard Materials ETF Increases Dividend

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

Hedge Funds Weigh In On Vanguard Materials ETF

Several hedge funds have recently made changes to their positions in the business. Wealthfront Advisers LLC raised its stake in Vanguard Materials ETF by 17,699.5% in the 4th quarter. Wealthfront Advisers LLC now owns 527,400 shares of the company’s stock valued at $99,067,000 after acquiring an additional 524,437 shares during the period. Raymond James Financial Inc. acquired a new position in Vanguard Materials ETF in the 4th quarter valued at about $12,482,000. Bank of America Corp DE boosted its holdings in shares of Vanguard Materials ETF by 3.1% during the fourth quarter. Bank of America Corp DE now owns 1,469,958 shares of the company’s stock worth $276,117,000 after acquiring an additional 43,704 shares during the period. Proficio Capital Partners LLC bought a new position in Vanguard Materials ETF during the 4th quarter worth $7,374,000. Finally, Park National Corp OH increased its holdings in shares of Vanguard Materials ETF by 591.0% during the first quarter. Park National Corp OH now owns 44,637 shares of the company’s stock worth $8,428,000 after purchasing an additional 38,177 shares during the period.

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.