The Manufacturers Life Insurance Company Trims Stock Holdings in Vanguard Materials ETF $VAW

The Manufacturers Life Insurance Company decreased its stake in shares of Vanguard Materials ETF (NYSEARCA:VAW) by 6.9% during the second quarter, HoldingsChannel.com reports. The firm owned 209,609 shares of the company’s stock after selling 15,456 shares during the period. The Manufacturers Life Insurance Company’s holdings in Vanguard Materials ETF were worth $47,956,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in VAW. Integrated Wealth Concepts LLC grew its holdings in Vanguard Materials ETF by 1.8% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 4,416 shares of the company’s stock valued at $1,010,000 after buying an additional 80 shares in the last quarter. RFG Advisory LLC lifted its holdings in shares of Vanguard Materials ETF by 4.7% in the second quarter. RFG Advisory LLC now owns 3,395 shares of the company’s stock worth $777,000 after buying an additional 152 shares in the last quarter. Allworth Financial LP boosted its position in shares of Vanguard Materials ETF by 8.1% in the second quarter. Allworth Financial LP now owns 1,169 shares of the company’s stock valued at $267,000 after acquiring an additional 88 shares during the period. Ameritas Advisory Services LLC boosted its position in shares of Vanguard Materials ETF by 42.0% in the second quarter. Ameritas Advisory Services LLC now owns 141,961 shares of the company’s stock valued at $32,479,000 after acquiring an additional 41,961 shares during the period. Finally, Maloon Powers Pitre Higgins & Dennehy LLC purchased a new position in Vanguard Materials ETF during the second quarter valued at approximately $1,041,000.

Vanguard Materials ETF Trading Up 0.3%

Shares of NYSEARCA:VAW opened at $228.45 on Friday. The company has a 50 day moving average of $231.39 and a 200 day moving average of $230.98. The stock has a market cap of $3.02 billion, a P/E ratio of 23.02 and a beta of 0.97. Vanguard Materials ETF has a 12 month low of $190.29 and a 12 month high of $245.26.

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. Included within this sector are companies that manufacture chemicals, construction materials, glass, paper, forest products, and related packaging products, as well as metals, minerals, and mining companies, including producers of steel.