Summit Wealth Group LLC Co. Invests $1.15 Million in Vanguard FTSE Emerging Markets ETF $VWO

Summit Wealth Group LLC Co. bought a new position in Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,291 shares of the exchange traded fund’s stock, valued at approximately $1,145,000.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Vanguard FTSE Emerging Markets ETF by 5.6% in the 4th quarter. Vanguard Group Inc. now owns 81,373,362 shares of the exchange traded fund’s stock valued at $4,374,632,000 after buying an additional 4,319,682 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Vanguard FTSE Emerging Markets ETF by 4.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 74,834,185 shares of the exchange traded fund’s stock valued at $4,054,516,000 after purchasing an additional 3,217,413 shares during the period. Wealthfront Advisers LLC increased its position in Vanguard FTSE Emerging Markets ETF by 0.3% during the 4th quarter. Wealthfront Advisers LLC now owns 47,401,085 shares of the exchange traded fund’s stock valued at $2,548,282,000 after purchasing an additional 130,947 shares during the period. Northern Trust Corp increased its position in Vanguard FTSE Emerging Markets ETF by 0.5% during the 3rd quarter. Northern Trust Corp now owns 44,301,345 shares of the exchange traded fund’s stock valued at $2,400,247,000 after purchasing an additional 231,937 shares during the period. Finally, UBS Group AG increased its position in Vanguard FTSE Emerging Markets ETF by 1.7% during the 4th quarter. UBS Group AG now owns 19,857,045 shares of the exchange traded fund’s stock valued at $1,067,515,000 after purchasing an additional 335,001 shares during the period. Institutional investors own 67.19% of the company’s stock.

Vanguard FTSE Emerging Markets ETF Stock Performance

NYSEARCA:VWO opened at $59.39 on Wednesday. The company has a market capitalization of $120.81 billion, a PE ratio of 15.08 and a beta of 0.59. The company has a 50 day simple moving average of $56.28 and a two-hundred day simple moving average of $55.75. Vanguard FTSE Emerging Markets ETF has a fifty-two week low of $46.73 and a fifty-two week high of $61.03.

About Vanguard FTSE Emerging Markets ETF

The Fund seeks to track the performance of the FTSE Emerging Markets All Cap China A Inclusion Index, that measures the return of stocks issued by companies located in emerging market countries.