Summit Financial LLC Boosts Stake in Vanguard Materials ETF (NYSEARCA:VAW)

Summit Financial LLC boosted its position in shares of Vanguard Materials ETF (NYSEARCA:VAW) by 30.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,256 shares of the company’s stock after purchasing an additional 765 shares during the period. Summit Financial LLC’s holdings in Vanguard Materials ETF were worth $612,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in 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 acquiring an additional 4,308 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Vanguard Materials ETF by 3.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 29,892 shares of the company’s stock worth $5,615,000 after buying an additional 1,096 shares during the last quarter. Empower Advisory Group LLC increased its position in Vanguard Materials ETF by 3.1% in the 4th quarter. Empower Advisory Group LLC now owns 317,900 shares of the company’s stock valued at $59,714,000 after acquiring an additional 9,651 shares during the period. Truist Financial Corp increased its position in Vanguard Materials ETF by 9.1% in the 4th quarter. Truist Financial Corp now owns 8,136 shares of the company’s stock valued at $1,528,000 after acquiring an additional 679 shares during the period. Finally, Benjamin Edwards Inc. purchased a new stake in Vanguard Materials ETF during the 3rd quarter valued at approximately $211,000.

Vanguard Materials ETF Trading Up 1.0 %

Shares of VAW stock opened at $191.22 on Thursday. Vanguard Materials ETF has a twelve month low of $181.31 and a twelve month high of $215.82. The business’s 50 day moving average is $194.61 and its two-hundred day moving average is $200.39. The company has a market capitalization of $2.69 billion, a P/E ratio of 23.53 and a beta of 1.12.

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

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.