KCM Investment Advisors LLC Sells 2,076 Shares of Vanguard Materials ETF (NYSEARCA:VAW)

KCM Investment Advisors LLC cut its holdings in shares of Vanguard Materials ETF (NYSEARCA:VAW) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,362 shares of the company’s stock after selling 2,076 shares during the quarter. KCM Investment Advisors LLC owned 0.27% of Vanguard Materials ETF worth $7,394,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Wealthfront Advisers LLC increased its holdings in shares of Vanguard Materials ETF by 17,699.5% in the fourth quarter. Wealthfront Advisers LLC now owns 527,400 shares of the company’s stock worth $99,067,000 after buying an additional 524,437 shares during the period. Raymond James Financial Inc. bought a new position in Vanguard Materials ETF during the 4th quarter worth approximately $12,482,000. Proficio Capital Partners LLC purchased a new position in Vanguard Materials ETF in the 4th quarter worth approximately $7,374,000. Life Planning Partners Inc bought a new stake in Vanguard Materials ETF in the fourth quarter valued at approximately $6,704,000. Finally, LPL Financial LLC boosted its stake in shares of Vanguard Materials ETF by 20.5% during the fourth quarter. LPL Financial LLC now owns 163,141 shares of the company’s stock valued at $30,644,000 after purchasing an additional 27,799 shares during the period.

Vanguard Materials ETF Stock Down 6.1 %

Shares of NYSEARCA VAW opened at $171.02 on Friday. The firm’s fifty day moving average is $193.73 and its 200 day moving average is $200.03. Vanguard Materials ETF has a 52 week low of $170.59 and a 52 week high of $215.82. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 23.53 and a beta of 1.12.

Vanguard Materials ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were paid a dividend of $0.8309 per share. This is an increase from Vanguard Materials ETF’s previous dividend of $0.82. The ex-dividend date of this dividend was Tuesday, March 25th.

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.