Park National Corp OH Lowers Stock Holdings in Vanguard Materials ETF $VAW

Park National Corp OH cut its position in Vanguard Materials ETF (NYSEARCA:VAW) by 30.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 25,498 shares of the company’s stock after selling 11,081 shares during the period. Park National Corp OH’s holdings in Vanguard Materials ETF were worth $5,292,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Beacon Capital Management Inc. lifted its stake in Vanguard Materials ETF by 1,541.2% during the 2nd quarter. Beacon Capital Management Inc. now owns 461,049 shares of the company’s stock worth $89,826,000 after acquiring an additional 432,957 shares in the last quarter. Strategic Investment Advisors MI acquired a new position in Vanguard Materials ETF in the 3rd quarter valued at about $36,562,000. Corient Private Wealth LLC grew its position in Vanguard Materials ETF by 87.1% in the 2nd quarter. Corient Private Wealth LLC now owns 147,026 shares of the company’s stock valued at $28,645,000 after acquiring an additional 68,427 shares in the last quarter. Laurel Wealth Advisors LLC increased its stake in Vanguard Materials ETF by 169,253.8% during the second quarter. Laurel Wealth Advisors LLC now owns 66,048 shares of the company’s stock worth $12,868,000 after purchasing an additional 66,009 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Vanguard Materials ETF by 23.5% during the third quarter. Envestnet Asset Management Inc. now owns 272,665 shares of the company’s stock worth $55,858,000 after purchasing an additional 51,929 shares during the period.

Vanguard Materials ETF Stock Performance

Shares of VAW opened at $215.35 on Friday. The company’s 50-day simple moving average is $231.88 and its 200-day simple moving average is $213.36. Vanguard Materials ETF has a 1 year low of $161.43 and a 1 year high of $245.26. The stock has a market capitalization of $2.94 billion, a PE ratio of 23.02 and a beta of 1.06.

Vanguard Materials ETF Company 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.