Royal Bank of Canada Sells 4,539 Shares of Vanguard Materials ETF $VAW

Royal Bank of Canada cut its holdings in Vanguard Materials ETF (NYSEARCA:VAW) by 18.6% during the 1st quarter, Holdings Channel reports. The firm owned 19,898 shares of the company’s stock after selling 4,539 shares during the period. Royal Bank of Canada’s holdings in Vanguard Materials ETF were worth $4,484,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Comerica Bank lifted its holdings in Vanguard Materials ETF by 0.9% in the 4th quarter. Comerica Bank now owns 6,474 shares of the company’s stock worth $1,344,000 after buying an additional 57 shares during the period. Root Financial Partners LLC raised its holdings in shares of Vanguard Materials ETF by 46.2% during the fourth quarter. Root Financial Partners LLC now owns 212 shares of the company’s stock valued at $44,000 after acquiring an additional 67 shares in the last quarter. Wedbush Securities Inc. lifted its stake in Vanguard Materials ETF by 3.0% in the fourth quarter. Wedbush Securities Inc. now owns 2,344 shares of the company’s stock worth $486,000 after acquiring an additional 68 shares during the period. Private Advisor Group LLC lifted its stake in Vanguard Materials ETF by 0.6% in the fourth quarter. Private Advisor Group LLC now owns 12,793 shares of the company’s stock worth $2,655,000 after acquiring an additional 73 shares during the period. Finally, Mariner LLC boosted its holdings in Vanguard Materials ETF by 0.5% in the fourth quarter. Mariner LLC now owns 14,860 shares of the company’s stock valued at $3,084,000 after acquiring an additional 74 shares in the last quarter.

Vanguard Materials ETF Trading Down 0.7%

Shares of Vanguard Materials ETF stock opened at $233.87 on Friday. The company’s fifty day simple moving average is $229.68 and its two-hundred day simple moving average is $230.97. The company has a market cap of $3.09 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.

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. 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.