Elm Partners Management LLC Takes Position in Vanguard Materials ETF (NYSEARCA:VAW)

Elm Partners Management LLC bought a new position in shares of Vanguard Materials ETF (NYSEARCA:VAW) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,599 shares of the company’s stock, valued at approximately $300,000.

Several other large investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in shares of Vanguard Materials ETF by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 58,631 shares of the company’s stock worth $12,399,000 after buying an additional 4,308 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Vanguard Materials ETF by 3.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 29,892 shares of the company’s stock valued at $5,615,000 after acquiring an additional 1,096 shares during the period. Empower Advisory Group LLC boosted its stake in Vanguard Materials ETF by 3.1% during the fourth quarter. Empower Advisory Group LLC now owns 317,900 shares of the company’s stock worth $59,714,000 after acquiring an additional 9,651 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Vanguard Materials ETF in the fourth quarter worth $12,482,000. Finally, Truist Financial Corp increased its stake in Vanguard Materials ETF by 9.1% in the fourth quarter. Truist Financial Corp now owns 8,136 shares of the company’s stock valued at $1,528,000 after purchasing an additional 679 shares in the last quarter.

Vanguard Materials ETF Price Performance

VAW stock opened at $177.51 on Friday. The company’s 50-day moving average is $190.13 and its 200-day moving average is $198.29. The stock has a market capitalization of $2.50 billion, a PE ratio of 23.53 and a beta of 1.12. Vanguard Materials ETF has a 1 year low of $161.43 and a 1 year high of $215.82.

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 paid a $0.8309 dividend. The ex-dividend date was Tuesday, March 25th. This is a boost from Vanguard Materials ETF’s previous dividend of $0.82.

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.