Envestnet Portfolio Solutions Inc. Lowers Stake in Vanguard Materials ETF (NYSEARCA:VAW)

Envestnet Portfolio Solutions Inc. reduced its position in Vanguard Materials ETF (NYSEARCA:VAW) by 46.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,837 shares of the company’s stock after selling 15,289 shares during the period. Envestnet Portfolio Solutions Inc. owned approximately 0.12% of Vanguard Materials ETF worth $3,351,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of Vanguard Materials ETF by 7.9% in the third quarter. JPMorgan Chase & Co. now owns 58,631 shares of the company’s stock valued at $12,399,000 after buying an additional 4,308 shares in the last quarter. Empower Advisory Group LLC raised 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 valued at $59,714,000 after buying an additional 9,651 shares in the last quarter. Truist Financial Corp lifted its holdings in Vanguard Materials ETF by 9.1% during the 4th quarter. Truist Financial Corp now owns 8,136 shares of the company’s stock worth $1,528,000 after buying an additional 679 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in shares of Vanguard Materials ETF in the 3rd quarter worth approximately $211,000. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Vanguard Materials ETF by 2.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 18,567 shares of the company’s stock valued at $3,926,000 after acquiring an additional 513 shares during the last quarter.

Vanguard Materials ETF Price Performance

Shares of VAW opened at $192.87 on Thursday. The stock has a market capitalization of $2.70 billion, a PE ratio of 22.64 and a beta of 1.12. The business’s fifty day moving average price is $195.24 and its 200 day moving average price is $201.05. Vanguard Materials ETF has a 12-month low of $185.00 and a 12-month high of $215.82.

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.