Fifth Third Bancorp Lowers Stock Holdings in Vanguard Materials ETF (NYSEARCA:VAW)

Fifth Third Bancorp lowered its holdings in Vanguard Materials ETF (NYSEARCA:VAW) by 3.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,024 shares of the company’s stock after selling 104 shares during the period. Fifth Third Bancorp’s holdings in Vanguard Materials ETF were worth $583,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Beacon Capital Management Inc. grew its position in shares of Vanguard Materials ETF by 221.5% in the first quarter. Beacon Capital Management Inc. now owns 844,957 shares of the company’s stock valued at $172,185,000 after purchasing an additional 582,123 shares during the period. The Manufacturers Life Insurance Company grew its position in Vanguard Materials ETF by 2.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 278,430 shares of the company’s stock valued at $52,885,000 after acquiring an additional 5,537 shares during the period. UBS Group AG grew its position in Vanguard Materials ETF by 4.3% during the fourth quarter. UBS Group AG now owns 126,665 shares of the company’s stock valued at $24,059,000 after acquiring an additional 5,177 shares during the period. Cetera Investment Advisers grew its position in Vanguard Materials ETF by 979.6% during the first quarter. Cetera Investment Advisers now owns 113,292 shares of the company’s stock valued at $23,160,000 after acquiring an additional 102,798 shares during the period. Finally, KCM Investment Advisors LLC grew its position in Vanguard Materials ETF by 0.5% during the first quarter. KCM Investment Advisors LLC now owns 40,680 shares of the company’s stock valued at $8,316,000 after acquiring an additional 199 shares during the period.

Vanguard Materials ETF Trading Up 1.6 %

VAW stock opened at $203.66 on Friday. The stock has a 50-day moving average price of $196.60 and a two-hundred day moving average price of $196.87. Vanguard Materials ETF has a 12-month low of $162.48 and a 12-month high of $206.35. The company has a market cap of $3.02 billion, a PE ratio of 15.20 and a beta of 0.98.

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.