Wells Fargo & Company MN Raises Stock Position in Vanguard Materials ETF (NYSEARCA:VAW)

Wells Fargo & Company MN grew its holdings in Vanguard Materials ETF (NYSEARCA:VAW) by 7.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 270,176 shares of the company’s stock after purchasing an additional 19,796 shares during the quarter. Wells Fargo & Company MN’s holdings in Vanguard Materials ETF were worth $50,750,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. GPS Wealth Strategies Group LLC grew its holdings in Vanguard Materials ETF by 50.7% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 208 shares of the company’s stock worth $39,000 after acquiring an additional 70 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Vanguard Materials ETF by 4,133.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 254 shares of the company’s stock worth $48,000 after acquiring an additional 248 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Vanguard Materials ETF during the 3rd quarter worth $60,000. Wingate Wealth Advisors Inc. acquired a new position in Vanguard Materials ETF during the 4th quarter worth $57,000. Finally, SBI Securities Co. Ltd. acquired a new position in Vanguard Materials ETF during the 4th quarter worth $71,000.

Vanguard Materials ETF Stock Performance

NYSEARCA VAW opened at $178.28 on Thursday. Vanguard Materials ETF has a one year low of $161.43 and a one year high of $215.82. The company has a 50-day simple moving average of $191.01 and a 200-day simple moving average of $198.78. The firm has a market capitalization of $2.51 billion, a PE ratio of 23.53 and a beta of 1.12.

Vanguard Materials ETF Increases Dividend

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

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.