Fifth Third Bancorp Purchases 6,689 Shares of Vanguard Materials ETF $VAW

Fifth Third Bancorp boosted its position in Vanguard Materials ETF (NYSEARCA:VAW) by 307.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 8,865 shares of the company’s stock after purchasing an additional 6,689 shares during the period. Fifth Third Bancorp’s holdings in Vanguard Materials ETF were worth $1,998,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Vanguard Materials ETF during the fourth quarter worth approximately $25,000. Godfrey Financial Associates Inc. acquired a new position in Vanguard Materials ETF in the fourth quarter valued at approximately $26,000. Parkside Financial Bank & Trust lifted its stake in Vanguard Materials ETF by 333.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock valued at $27,000 after buying an additional 100 shares during the period. Howe & Rusling Inc. bought a new position in shares of Vanguard Materials ETF during the 1st quarter worth approximately $30,000. Finally, BOK Financial Private Wealth Inc. bought a new position in shares of Vanguard Materials ETF during the 4th quarter worth approximately $30,000.

Vanguard Materials ETF Stock Up 1.4%

Shares of VAW stock opened at $226.02 on Thursday. The firm has a 50 day moving average of $229.40 and a 200-day moving average of $230.03. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 23.02 and a beta of 0.96. Vanguard Materials ETF has a 52 week low of $190.29 and a 52 week high of $245.26.

Vanguard Materials ETF 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.